Live tv
search
  1. You Are At:
  2. English News
  3. India
  4. NSE co-location case: Delhi High Court grants bail to Chitra Ramkrishna, Anand Subramanian

NSE co-location case: Delhi High Court grants bail to Chitra Ramkrishna, Anand Subramanian

NSE co-location case: An FIR was registered in the case in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stock brokers.

Sheenu Sharma Edited By: Sheenu Sharma New Delhi Published on: September 28, 2022 11:59 IST
NSE co location case, Delhi High Court, NSE co location case news today, Delhi High Court grants bai
Image Source : PTI/ REPRESENTATIONAL (FILE). NSE co-location case: Delhi High Court grants bail to Chitra Ramkrishna, Anand Subramanian.

Highlights

  • Delhi HC today granted bail to former National Stock Exchange head Chitra Ramkrishna
  • NSE ex group operating officer Anand Subramanian was also granted bail in co-location scam case
  • Justice Sudhir Kumar Jain said he was granting "statutory bail" to 2 former officials of the NSE

NSE co-location case: The Delhi High Court on Wednesday (September 28) granted bail to former National Stock Exchange (NSE) head Chitra Ramkrishna and ex group operating officer Anand Subramanian in the co-location scam case being probed by the Central Bureau of Investigation (CBI).

Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE.

A detailed copy of the order is awaited.

An FIR was registered in the case in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stock brokers.

Subramanian was arrested by the CBI on February 24.

The CBI had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by a trial court.

In a status report filed in the bail plea by Subramanian, the CBI said the investigation has established that co-accused Ramkrishna abused her official position at NSE to illegally appoint him as the Chief Strategic Advisor and also arbitrarily and disproportionately hiked his compensation and re-designated him as group operating officer without requisite approvals.

Ramkrishna was the MD and CEO of the NSE from April 2013 to December 2016.

The agency further claimed that Ramkrishna was communicating with an external email-id being operated by Subramanian and examination of witnesses was being carried out to unearth the whole conspiracy in the case.

ALSO READ: NSE phone tapping: Delhi court dismisses Chitra Ramkrishna's bail plea in money laundering case

Latest India News

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from India