New Delhi: Former National Stock Exchange (NSE) MD and CEO Chitra Ramakrishna, who was arrested by the Central Bureau of Investigation (CBI) in the NSE co-location case, has been sent to 14-day judicial custody by Delhi’s Rouse Avenue Court. Ramakrishna was produced in a special court after her period of custody was over. After Monday’s hearing, the court sent her to 14-day judicial custody. She will be kept in Tihar Jail.
On March 6, the CBI had arrested Chitra Ramakrishna, accused of serious defaults including sharing confidential information with a person in India’s largest stock exchange. She was produced in the court on 7 March. A day before that, she was produced before the court after her anticipatory bail plea was rejected by the court. Former Group Operating Officer Anand Subramaniam was also arrested by the CBI. He was questioned for a long time during his custody. He is also in judicial custody at present. The central probe agency has been probing the case since May 2018, but they have not found any concrete evidence to identify the mysterious yogi with whom Ramakrishna shared confidential information.
Recently, SEBI had imposed a penalty of Rs 3 crore on her after the market regulator found that she had allegedly shared important information about NSE with Yogi. A source said, “Information about the organizational structure, dividend outlook, financial results, human resource policies and related issues, response of the regulator etc. was shared with Yogi.”
Between 2014 and 2016, Chitra also did some mails on an email id. Ramakrishna became the CEO and MD of NSE on 1 April 2013. She had taken Subramaniam to NSE as her advisor in 2013.