Judge asking tough questions as NSE finds itself in a pickle
A Special CBI Court in Delhi on Monday sent to 14-day judicial custody MD and CEO of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the co-location scam case while turning down her request for certain facilities in jail, saying she cannot be treated differently. Special Judge Sanjeev Aggarwal ordered that Ramkrishna be physically produced before the court next on March 28 and rejected her counsel’s request for home-cooked food in jail.
“VIP prisoners want everything. Every prisoner is the same. She does not have to be treated differently because of what she has been,” the judge said, allowing her to take four religious books including Hanuman Chalisa. The Central Bureau of Investigation (CBI) produced the accused before the court upon the expiry of her 7-day custody and urged the court to remand her to judicial custody.
CBI counsel said the investigation in the case was ongoing and Chitra Ramakrishna was evasive and uncooperative as well as a highly influential person. “Have you found if she is the mastermind or is there a puppet master,” the court questioned. The CBI counsel said that it was “premature to say” and stated that the accused has been confronted with various people.
Counsel for Ramkrishna said he was filing a bail application and the court questioned if it was too soon. “Your anticipatory bail was dismissed a few days back. Is it not a bit early?” questioned the judge who added that the order on a bail plea by another accused in the case — Anand Subramanian was listed for pronouncement on March 24. The judge nonetheless said that filing bail application was a Constitutional right and it was up to the accused.
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The co-location scam if it is there appears to be a job of someone with in depth knowledge of both the FINANCE and LAW. For common people to understand and know the depth and quantum an article is required. To date there is not even a tentative figure quoted anywhere.