ED records statement of ex-NSE MD Chitra Ramkrishna in money laundering case

Former NSE CEO Chitra Ramkrishna, who is in Tihar jail for her alleged role in a money laundering case, has given her statement to the Enforcement Directorate

The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi's Tihar jail, as part of a money laundering investigation against her and others, officials said Tuesday.

The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has been recorded under the criminal sections of the Prevention of Money Laundering Act (PMLA), they said.

Ramkrishna is lodged in the Tihar jail after she was arrested by the Central Bureau of Investigation (CBI) on March 6 in the alleged National Stock Exchange (NSE) co-location scam case and investigation linked to other governance irregularities at the bourse.

The Enforcement Directorate, a federal probe agency, too is probing this case. The Income Tax Department is the third agency investigating these charges of irregularities at the National Stock Exchange.

The ED's money laundering probe pertains to alleged irregularities in the NSE co-location case apart from the recent disclosures that came to the fore related to alleged governance lapses in the appointment of Anand Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to the then MD (Ramkrishna).

The ED last month conducted raids in this case, including at the premises of the brokers involved in the co-location case.

The Enforcement Directorate case stems from a CBI FIR into the co-location case. The CBI had arrested Ramkrishna and Subramanian early this year and they are in jail at present. A chargesheet has also been filed against them in the court by the CBI.