New Delhi: Anticipatory bail plea of Chitra, former CEO of National Stock Exchange Ramakrishna: rejected by a Delhi court, which insisted that the veracity of his claim of not being involved in the “co-location” scam could not be established and expressed doubts that he may have fabricated the story of a ‘siddha yogi’ who is guiding him. to hide his involvement
“At this stage it cannot be said prima facie that the role of the present accused was not under investigation. It further appears prima facie that the applicant had introduced a non-existent person to mislead the investigating agency, which prima facie may show his complicity in the case,” the special judge said. Sanjeev Agarwal Because he had rejected Ramakrishna’s bail application.
Chitra Ramakrishna claims to have taken instruction from a ‘siddha purush’ (yogi) living somewhere. Himalaya But their identity was not known as they had never met in person and only interacted through email.
The court also tightened CBI For its indifferent approach and market regulator SEBI. It questioned the slow pace of the CBI’s investigation in the case, pointing out that the agency had not taken any action against the main beneficiaries of the co-location scam for nearly four years. “Besides, SEBI has also been very kind and gentle towards the persons accused in the present FIR, despite keeping an eye on the capital market,” the special judge said.
He said there is a strong possibility that Ramakrishna may have been in the pole position in the NSE earlier, influencing the investigation and tampering with the evidence.
“The magnitude of the present case may be huge, as due to this financial scam, there may be huge losses to the adherent stockbrokers, institutional investors, foreign institutional investors and honest investors who may have faith in this premier financial institution (NSE). . was severely shaken and dented,” the court said.
“Keeping in view the overall facts and circumstances of the case and the serious and serious allegations against the applicant, no ground for anticipatory bail is made out at this stage. The same is dismissed,” the court said.
“At this stage it cannot be said prima facie that the role of the present accused was not under investigation. It further appears prima facie that the applicant had introduced a non-existent person to mislead the investigating agency, which prima facie may show his complicity in the case,” the special judge said. Sanjeev Agarwal Because he had rejected Ramakrishna’s bail application.
Chitra Ramakrishna claims to have taken instruction from a ‘siddha purush’ (yogi) living somewhere. Himalaya But their identity was not known as they had never met in person and only interacted through email.
The court also tightened CBI For its indifferent approach and market regulator SEBI. It questioned the slow pace of the CBI’s investigation in the case, pointing out that the agency had not taken any action against the main beneficiaries of the co-location scam for nearly four years. “Besides, SEBI has also been very kind and gentle towards the persons accused in the present FIR, despite keeping an eye on the capital market,” the special judge said.
He said there is a strong possibility that Ramakrishna may have been in the pole position in the NSE earlier, influencing the investigation and tampering with the evidence.
“The magnitude of the present case may be huge, as due to this financial scam, there may be huge losses to the adherent stockbrokers, institutional investors, foreign institutional investors and honest investors who may have faith in this premier financial institution (NSE). . was severely shaken and dented,” the court said.
“Keeping in view the overall facts and circumstances of the case and the serious and serious allegations against the applicant, no ground for anticipatory bail is made out at this stage. The same is dismissed,” the court said.