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

New Delhi: A Delhi court on Monday held the former CEO of National Stock Exchange (National Stock Exchange)If, Chitra Ramakrishna 14 days in judicial custody co-location scam, it will be recorded Tihar Jail,
Rejecting her request for permission to carry food and masks from home, Special Judge Sanjeev Agarwal said she is not a VIP and will not be given special facilities. He said, “I have eaten it (jail food) too… it is good… VIP inmates want everything. Every prisoner is the same. There is no need to treat her differently because of how she was,” he said. Is.” He has been allowed to carry his glasses, prayer book and medicine.
Ramakrishna was produced before the court after his seven-day CBI custody period ended. When the CBI did not press for further custody, the court said that on the last day of hearing, the CBI had sought 14 days of police custody, but now it is satisfied with seven days. The Special Public Prosecutor replied that Ramakrishna was not cooperating and was evasive. “Then why judicial custody? Is he the mastermind of this FIR or was there some puppet master who was pulling the strings,” the judge asked. The prosecutor said it was too early to say at this stage.
When Ramakrishna’s lawyer said he was filing his bail application, the judge asked, “Your anticipatory bail was rejected a few days ago. Isn’t it a little early?” The judge asked. However, he said that it is a constitutional right to file a bail application and it is for the accused to decide.
The order on the bail plea filed by another accused in the case – former group operating officer of NSE Anand Subramaniam – has been listed for hearing on March 24.
The court had sent Ramakrishna to seven days’ CBI custody, observing that the present case could be of “unimaginable magnitude”. Ramakrishna is accused of leaking sensitive information to a co-accused and others, initially claiming that she was acting on a lawyer for a “Himalayan Yogi”. Subramaniam was reportedly referred to as “Yogi” in the forensic audit, but the Securities and Exchange Board of India (SEBI), in its final report, dismissed the claim. Opposing his bail plea last week, the CBI told the court that Subramaniam was actually a “yogi” influencing Ramakrishna.
The CBI had arrested Ramakrishna on March 6, a day after his anticipatory bail plea was rejected by the court.
The FIR was registered in May 2018 amid allegations of irregularities in the stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the exchange to the stock brokers. The co-location facility provided by NSE allowed the brokers to place their servers in the stock exchange premises, giving them faster access to the markets. It has been alleged that some brokers with the connivance of insiders made windfall profits by misusing algorithms and co-location facility.