Indian police arrest former official at top bourse NSE - source

FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo

MUMBAI (Reuters) -India's federal police arrested a former senior official of the country's largest stock exchange, a police source said on Friday, as part of an investigation into alleged corporate governance lapses at the bourse.

Anand Subramanian, a former top adviser to the National Stock Exchange's (NSE) former CEO Chitra Ramkrishna, was arrested by the Central Bureau of Investigation (CBI) in connection with a 2018 case involving allegations that the bourse provided some high-frequency traders unfair access to speed up algorithmic trading, the source said.