NSE Ex-MD Chitra Ramkrishna To Be Questioned In Seven Day Custody By CBI

Last updated on March 8th, 2022 at 04:17 am

Former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna will be under CBI interrogation while in remand, according to a court order passed today.

She has been pinpointed in the NSE co-location scam case. The decision was taken after arguments were put by CBI about the need to ascertain the role of other co-conspirers from the company that might have assisted her in the scam.

The judgment was given by Special Judge Sanjeev Aggarwal after hearing arguments from CBI and the counsel appearing for the accused. Ms. Ramkrishna was arrested from her residence last week while it was also confirmed that indeed she had been very evasive and had continuously misguided the Investigation Officer and gave wrong statements.

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She will also need to confront with co-accused Anand Subramanian, who is already in police custody of CBI, to understand the magnitude and scope of the criminal conspiracy. Digital evidence has already been confiscated from her custody and is under scrutiny, the agency told the court.

The CBI further submitted that the material already collected in the present case show that Ramkrishna in conspiracy with Subramanian had improperly hired him by coercing the HR department of NSE.

Thereafter, she in conspiracy with Subramanian influenced the officials of NSE to facilitate him in having access to important decision-making processes of the NSE. During the same period M/s OPG Securities was gaining undue advantages in NSE by logging into the secondary server, it said. CBI has also ascertained that Ramkrishna had shared internal confidential information of NSE including its Organizational Structure, Dividend scenario, Financial Results, Human Resources Policy and related Issues, Response to Regulator, Future projects etc. to an e-mail ID during the period 2013 to 2016.