Judicial custody extended to April 11
A Special Court on Monday allowed the Central Bureau of Investigation (CBI) to collect the handwriting sample of former Managing Director and Chief Executive Officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE co-location case. Special Judge Sanjeev Aggarwal also extended Ramkrishna’s judicial custody till April 11, after she was produced before the court at the end of her earlier judicial custody.
The Judge passed the order on the applications moved by the CBI, which said that the investigation was at a very crucial stage and it was examining several digital pieces of evidence in the case. Meanwhile, the Court will hear her bail petition on April 8. The court on March 26 sought CBI’s response on Chitra Ramkrishna’s bail plea and posted the matter for April 8.
The court recently dismissed the bail application of NSE’s former group operating officer (GOO) Anand Subramanian in the case. CBI told the court that Anand was impersonated as ‘Himalayan Yogi’ and preliminary findings of tracing computer IP addresses show that Anand was operating the fake email id in the name of a fictitious ‘Himalayan Yogi’.[1])
The arrests were made in the case related to the co-location scam, the FIR for which was registered in May 2018, amid fresh revelations about irregularities at the country’s largest stock exchange. Earlier The Securities and Exchange Board of India (SEBI) has penalized the National Stock Exchange (NSE) and its former CEOs Chitra Ramakrishna and Ravi Narayan and two other officials for lapses in recruitment at the senior level.
Ravi Narain was the MD and CEO of the NSE from April 1994 till March 2013, while Chitra Ramkrishna was the MD and CEO of the NSE from April 2013 to December 2016. Ravi Narain was interrogated by the CBI. However, he was not arrested by the probe agency, which is believed to probe the role of SEBI officials and senior Finance Ministry officials during the Co-Location scam period.
Reference:
[1] NSE co-location scam: Court dismisses bail plea of Anand Subramanian. CBI reiterates Anand impersonated as ‘Himalayan Yogi’ – Mar 24, 2022, PGurus.com
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