Talk:NSE co-location scam

Note

Hello Shyam,

I would like to bring your attention towards the nature of the draft that pertains to the interest of the public, especially the millions of retail & small investors and brokers who were bereft of the opportunity to earn money legitimately due to the actions of select influential players who abused the NSE server system to earn illegal gains.

There is considerable amount of coverage regarding the subject in the media including several reputable sources (integrated in the article) to suggest that this case warrants attention of the public through the encyclopedia.

Moreover, there are suggestions that NSE is pushing for consent settlement under SEBI (Securities & Exchange Board of India) in wake of the long awaited launch of its IPO (Initial Public Offer). It can be compared to out-of-court settlement that would absolve the Exchange of its alleged involvement in the scam. The review of this page, then, is essential as editors with better insights than me will be able to contribute to the article which is in interest of the public and therefore, the nation. I hereby request you to consider reviewing the page. Thank you. LeoStephenTwain (talk) 13:13, 1 October 2018 (UTC)

References

Speedy deletion nomination of NSE co-location scam

A tag has been placed on NSE co-location scam requesting that it be speedily deleted from Wikipedia. This has been done for the following reason:

defamatory, article pointed towards negativity regardless of legitimacy of source, this article is biased and the contents are not yet proven nor the company involved is not yet convicted. G3: Pure vandalism and blatant hoaxes

Under the criteria for speedy deletion, pages that meet certain criteria may be deleted at any time.

If you think this page should not be deleted for this reason, you may contest the nomination by visiting the page and clicking the button labelled "Contest this speedy deletion". This will give you the opportunity to explain why you believe the page should not be deleted. However, be aware that once a page is tagged for speedy deletion, it may be deleted without delay. Please do not remove the speedy deletion tag from the page yourself, but do not hesitate to add information in line with Wikipedia's policies and guidelines. If the page is deleted, and you wish to retrieve the deleted material for future reference or improvement, then please contact the deleting administrator, or if you have already done so, you can place a request here. — Preceding unsigned comment added by IZoolabsiZoologic-Emjei (talk • contribs)

Hello IZoolabsiZoologic-Emjei

I find your reasoning unconvincing at best. Nowhere does the article discuss that the company has been convicted; it simply states facts as established by legitimate sources. It might be disturbing that the subject matter of the article is inherently negative. However, sources clearly state that entities have manipulated the system, irrespective of who they are. Also, most of the legitimate sources clearly state it as a scam - hence the name of the page has been derived from there. I will go ahead and reverse your edit on the same.

I request you to state examples of "defamation". It is disconcerting to know that you requested a Speedy Deletion without so much as a word of debate here. Moreover, I hope that you will discuss any issues and differences in opinion here on the ‘Talk' page before moving to Articles for Deletion. Thank you.LeoStephenTwain (talk) 10:21, 26 October 2018 (UTC)

References

Protection request

Several sections (in entirety) have been removed through different IP addresses without proper reasoning over the past 5 days. Moreover, there has been no hint of a discussion on the Talk page. These edits have been undone by Users, which did not deter the IP addresses from removing content. Following are a few links to the diffs:

• https://en.wikipedia.org/w/index.php?title=NSE_co-location_scam&type=revision&diff=882494157&oldid=880109659
• https://en.wikipedia.org/w/index.php?title=NSE_co-location_scam&type=revision&diff=882494230&oldid=880109659
• https://en.wikipedia.org/w/index.php?title=NSE_co-location_scam&type=revision&diff=882499505&oldid=882494472

Please consider. Thank you Full protection: High level of IP vandalism. LeoStephenTwain (talk) 08:08, 14 February 2019 (UTC)

I have semi-protected for two weeks. In future please take these requests to WP:RFPP. Regards — Martin (MSGJ · talk) 08:55, 14 February 2019 (UTC)

Please do not remove credible citations

Hi @Vanamonde93:

The URLs that you removed from the two sections were credible citations. They contained factual information in regard to the NSE co-location scam. Pgurus specializes in crime-related cases and is widely known for delivering unbiased and objective viewpoint about any news. Therefore, it should be allowed to be used as credible Wikipedia citations. I request you to kindly revert the changes you have made and allow me to add those links. Thank you. LeoStephenTwain (talk) 09:23, 9 April 2019 (UTC)

@LeoStephenTwain: I'm not going to do that. I see no evidence anywhere that the sites I removed meet our criteria for reliable secondary sources; if you believe otherwise, you need to establish consensus for its use, possibly at the reliable sources noticeboard. Vanamonde (Talk) 15:04, 9 April 2019 (UTC)

Please justify the changes you have made

Hi @SamSaps:

First of all, I would like to thank you for your participation to improve this page. I noticed that you have made a few major changes on the page. The changes seem to remove all allegations and accusations made on Ajay Shah. Wikipedia strictly follows factual information and not biased information, so, do you have any evidence to support your argument that the content you have removed was 'India election driven fake news'? Also, the citations I provided proved that Ajay Shah played a key role in the scam. Further, Ajay Shah is not nominated by any political party as its candidate. How is it related to the election then? and, if it's election-related, why only the sections mentioning Ajay Shah were removed? I will wait for your reply for 2 days and revert back the changes if you fail to justify your changes. LeoStephenTwain (talk) 12:04, 11 April 2019 (UTC)

There are severe problems with those references. The best available ones treat Ajay Shah as a part of Gupta's efforts and mention him only as one in a group. Those sources that focus on Ajay Shah are less reliable or outright unreliable, including a WordPress blog. I don't see how singling out Ajay Shah is appropriate. Huon (talk) 11:58, 18 April 2019 (UTC)

In my opinion the dubious sources include the SundayGuardianLive, which at a glance looks like a reputable newspaper - but when one reads the articles, they're full of allegations and unsubstantiated rumors ("it is said", "a complaint [by whom?] alleges", "owing to hidden backers of Shah and his coterie" - who are they, and how does SundayGuardianLive know about them?). Huon (talk) 12:06, 18 April 2019 (UTC)

Irrelevant citations to give article more credibility

It looks like this page contains a lot of references which actually do not match with what is being written, hence, trying to give this page more credibility. I have removed many citations which did not match with the context and the article text also seems to be very accusatory than factual.

For example, take this sentence in Background section: "According to an unnamed individual familiar with SEBI's investigation: "Access to co-location facilities and HFT trading gave the select brokers differential advantage such as display of market data, viewing order book prior to order execution."". It cites a newspaper article which itself mentions "persons familiar with the matter" and not "official", hence, this cannot be taken up as truth. There are many such other citations. — Preceding unsigned comment added by GAgg67 (talk • contribs) 09:08, 21 April 2019 (UTC)

Do not remove credible information

Hi @GAgg67:

Thank you for your contributions to the page. However, the content that you have added seems to change the tonality of the article. As per Wikipedia guidelines, adding advertorial or biased information is not acceptable at all. I suggest you to kindly go and read Wikipedia:NPOV and Wikipedia:NOTPROMO thoroughly before making changes to this page. Referring to The NSE co-location scam as a 'possible' market manipulation when it has already been proved that the market was manipulated disputes the neutrality of the article. Further, the content you removed contained many citations of renowned news houses such as Times of India, The Economic Times, etc. that have been deleted as well. Therefore, I would request you to not make any further change in this article until and unless you are sure that you are providing factual information. Thank You! LeoStephenTwain (talk) 13:46, 22 April 2019 (UTC)

Role of Ajay Shah section

Hi @62.202.190.48:

The section 'Role of Ajay Shah' that you have removed has credible citations supporting the content. The individual played a crucial role in implementing the scam. Also, the information is cited from credible news houses like The Hindu Business Line, The Economic Times, etc. and is reliable. Hence, kindly justify your edits. If you fail to do so, I will revert back the changes. LeoStephenTwain (talk) 06:24, 29 April 2019 (UTC)

Remove protection from the page

Hello Oshwah

In light of the new developments regarding the orders passed on 30th April 2019, there are a few edits that have to be made to the page. SEBI passed orders against the entities involved in the NSE co-location case. It has directed NSE to pay 624.89 crore with an interest rate of 12% worth over 1,000 crore and also barred NSE from raising money on the securities market directly or indirectly for the next 6 months. SEBI has also barred Ajay Shah, Sunita Thomas and Krishna Dagli, two directors of Infotech Financials’ and Suprabhat Lala from any association with an entity recognized by the market regulators for the next 2 years. I believe it is essential to update the Wikipedia page with this news. To add to the rest, the unfair profits of around 15.57 crore by OPG Securities and its Directors has to be disgorged with 12% interest rate from 7th April 2014. The firm is also barred from any financial activity in the market for the next 5 years. Former NSE chief executive officers, Ravi Narayan and Chitra Ramkrishna cannot associate from any listed company. They are also to pour out 25% of their salaries earned during that period. These are important developments in the case and need to be put out on the platform for the general public. I kindly request you to remove the protection on the page or make it semi protected. LeoStephenTwain (talk) 14:13, 2 May 2019 (UTC)

LeoStephenTwain - Just convert this to an edit request. This way, another editor will be able to review the changes you wish to make, and add the content to the article for you. This is what you need to do in order to have the content added to the article. :-) ~Oshwah~^{(talk) (contribs)} 10:55, 3 May 2019 (UTC)

Oshwah Now that the protection is gone, the page is being vandalized again by the unregistered user 62.202.190.48. He was adressed on the talk page once to justify his changes. However, he failed to repsond to that. He is deleting information that were highlighted by notable news houses and disputing the neutral tonality of the page. It would be very helpful if you could suggest a strategy to carry forawrd regarding this matter. Thank You in advance. LeoStephenTwain (talk) 08:37, 13 May 2019 (UTC)

References