'Not a VIP': Ex-NSE CEO sent to Tihar for 14 days - Times of India

‘Not a VIP’: Ex-NSE CEO sent to Tihar for 14 days – Times of India


NEW DELHI: A Delhi court on Monday sent former CEO of the National Stock Exchange (NSE) Chitra Ramkrishna to judicial custody for 14 days in the co-location scam. She will be lodged in Tihar jail.
Rejecting her request for food from home and permission to carry masks, special judge Sanjeev Aggarwal said she is not a VIP and will not be given special facilities. “I have also had it (jail food)… It’s good… VIP prisoners want everything. Every prisoner is the same. She doesn’t have to be treated differently because of what she has been,” he said. She has been allowed to carry her glasses, prayer book and medicine.
Ramkrishna was produced before the court after the expiry of her seven- day CBI custody. When CBI did not press for further custody, the court noted that on the last day of hearing, CBI had sought 14-day police custody but it was now satisfied with seven days. The special public prosecutor replied that Ramkrishna was not cooperating and giving evasive replies. “Then why judicial custody? Is she the mastermind of this FIR or was there a puppet master pulling the strings,” the judge asked. The prosecutor said it would be too premature to say that at this stage.
When Ramkrishna’s counsel said he was filing her bail application, the judge asked, “Your anticipatory bail was dismissed a few days back. Is it not a bit early?” the judge asked. He, however, added that filing bail application was a Constitutional right and it was up to the accused to decide.
The order on the bail plea filed by another accused in the case – NSE’s former group operating officer Anand Subramanian – has been listed for pronouncement on March 24.
While sending Ramkrishna to seven days in CBI custody, court had said that the present case may be of “unimaginable magnitude”. Ramkrishna is charged with leaking sensitive information to the co-accused and others, initially claiming that she was acting on the counsel of a ” Himalayan yogi”. Subramanian was allegedly referred to as “yogi” in the forensic audit, but the Securities and Exchange Board of India (Sebi), in its final report, had rejected the claim. Opposing his bail plea last week, CBI said in court that Subramanian was indeed the “yogi” influencing Ramkrishna.
CBI arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by the court.
The FIR was registered in May 2018 amid allegations of irregularities at stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the exchange to stock brokers. The co-location facility offered by NSE allowed brokers to place their servers within the stock exchange premises, giving them faster access to the markets. It is alleged that some brokers in connivance with insiders abused the algorithm and the co-location facility to make windfall profits.


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