India, Jan. 18 -- New Delhi: They are calling it SEBI's desktop investigation. This is the high-powered market regulator's decision to grant clean chits to a number of top officials of the National Stock Exchange who were allegedly involved in the co-location scam, indicted by the very exchange and even fined Rs 1,000 crore plus.

The fine itself is enough to start five news channels.

What does the SEBI order say?

The order, passed by S.K. Mohanty, whole time SEBI member, says no wrong happened. "From the records, I do not find any evidence or any material that establishes or even remotely indicates any role played by any of the noticees as far as establishment of P2P connectivity by Sampark (Entertainment) is concerned. There is nothin...