Ex-Stock Exchange Chief Gets Bail In 1 Scam Case, But Will Stay In Jail

Justice Sudhir Kumar Jain granted "statutory bail" to Chitra Ramkrishna and the National Stock Exchange's ex-group operating officer Anand Subramanian in the co-location scam case being probed by the CBI

The Delhi High Court on Wednesday granted bail to former NSE boss Chitra Ramkrishna in the co-location scam case but she will not walk out of jail yet because her plea for the relief in the money laundering case related to alleged illegal phone tapping and snooping of some employees of the bourse is still pending.

Justice Sudhir Kumar Jain granted "statutory bail" to Chitra Ramkrishna and the National Stock Exchange's ex-group operating officer Anand Subramanian in the co-location scam case being probed by the CBI. It relates to alleged manipulation of the computers at the country's largest stock exchange.

Another bench of the Delhi High Court issued notice to the Enforcement Directorate (ED) on the bail application of Ramkrishna in the snooping and phone tapping case.

Justice Jasmeet Singh issued notice on the bail plea by Chitra Ramkrishna, a former Managing Director of the NSE, and granted time to the investigating agency to file its response.