Court Dismisses Anticipatory Bail Plea Of Chitra Ramkrishna In NSE Co-Location Case
NDTV
A Delhi court on Saturday denied anticipatory bail to the former chief executive officer of National Stock Exchange, Chitra Ramkrishna
A Delhi court on Saturday denied anticipatory bail to the former chief executive officer (CEO) of National Stock Exchange (NSE), Chitra Ramkrishna, in the NSE co-location case and disapproved of the CBI's "lackadaisical" conduct, saying no action seems to have been taken against the main scam beneficiaries for last four year.
Special judge Sanjeev Aggarwal while dismissing the anticipatory bail of Ms Ramkrishna observed that this kind of co-location swindle could not have been possible without the knowledge and active connivance of all the functional heads of NSE at the relevant time and this period can be considered as dark period in the history of NSE.
The judge noted that the accused were facing grave allegations and the investigation was at the most nascent stage. He also pulled up market regulator Securities and Exchange Board of India (SEBI), saying it had been "too kind and gentle" with the accused.
“It has to follow a path towards a journey which has just begun, at the same time the conduct of the investigating agency i.e. CBI is most lackadaisical, to say the least, as no action seems to have been taken against main beneficiaries of the present co-location scam, (the names of some of whom are mentioned in the FIR itself) and others for almost four full years, who seems to be enjoying merrily at the expense of common citizenry for the reasons best known,” the judge said.
