Former NSE chief Chitra Ramkrishna files bail application in CBI court
India Today
Chitra Ramkrishna, former CEO of the National Stock Exchange has filed a bail plea in CBI court. Ramkrishna was taken into custody for her role in the co-location case.
Former Chief of National Stock Exchange (NSE) Chitra Ramkrishna has filed a bail application before a special CBI court in Delhi. Chitra Ramkrishna was taken into custody in a co-location case on March 6 after a court rejected her anticipatory bail plea. She is currently in judicial custody.
CBI, while probing the co-location scam since 2018 against a Delhi-based stock broker, arrested Chitra Ramkrishna after the Securities and Exchange Board of India report showed alleged abuse of power by the then top brass of the NSE. Ramkrishna served as NSE's CEO between 2013 and 2016.
She had been accused of sharing confidential information about NSE via email with a "yogi who lives in the Himalayas". It is suspected that this "yogi" was actually Anand Subramaniam, who was arrested in connection with the case earlier this month. Anand’s bail application was recently rejected by the court.
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The matter came to light after Sebi charged Ramkrishna and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to MD.
In its order, SEBI said that it came across documentary evidence which demonstrated that Chitra Ramkrishna had shared internal confidential information of NSE with an unknown person by addressing her correspondence to an email ID during the period 2014 to 2016.
CBI officials probing the case also alleged that stockbroker Sanjay Gupta had "access to the co-location facility of NSE". This enabled Gupta's firm OPG Security Ltd to access market data before anyone else.
