The CBI on Thursday registered a Preliminary Enquiry (PE) against former SEBI Chairman CB Bhave and former member KM Abraham besides two firms — FTIl and MCX — founded by Jignesh Shah, who has also been booked in a cheating case relating to National Spot Exchange ltd (NSEl). The agency carried out raids on the premises of NSEl.
The PE was registered for irregularities in according sanction to the MCX Stock Exchange by the SEBI in 2008 and renewing the recognition in 2009 and 2010, sources said.