MUMBAI: While the National Stock Exchange faced allegations and regulatory scrutiny on high-frequency trades, the country’s largest commodity bourse Multi Commodity Exchange (MCX) was dealing with woes of another kind. The approval notes do not reveal the corpus of the scheme; the details were not shared with the investment committee subsequently.There were also investments in a scheme which was not ranked by rating agency CRISIL (due to non-fulfilment of certain criteria). These members had pointed out the unusual investment decisions. Sarawgi left the exchange about a year ago. Afew months later, the internal audit report was submitted.

Source: Economic Times August 17, 2017 19:30 UTC