Connect with us

India

Chitra Ramkrishna has been placed in the custody of CBI

Published

on

Former National Stock Exchange (NSE) CEO Chitra Ramkrishna has been placed in the custody of the CBI for seven days. In the co-location scam case, she was arrested in New Delhi by the primary investigating agency on Sunday.

In its judgment, the court stated that Ramkrishna shall be questioned by the Central Bureau of Intelligence (CBI) while being monitored by CCTV. The court has ordered that Chitra Ramkrishna be subjected to a medical examination every 24 hours while permitting her lawyers to visit with her every evening.

The public prosecutor stated Ramkrishna was “not cooperating with the inquiry” and had to face “almost 2,500 incriminating emails” when he presented the CBI’s case to Special Judge Sanjeev Aggarwal.

The CBI further claimed that the former NSE CEO “refused to reveal any past relationship” with co-accused Anand Subramanian, even refusing to acknowledge him.

The magistrate, on the other hand, questioned the CBI about the investigation’s poor pace and why other people identified in the FIR had not been arrested yet.

“What about the other defendants identified in the FIR? They are the primary recipients. So, how about them? No action was taken for four years. FIR was kept in a cold storage facility “The judge made a remark.

“It would seem that the custodial inquiry of the above suspected would be required to find out the thorough modus operandi embraced by this accused person in conspiracy with other co-accused individuals involved in the present case, such as co-accused Anand Subramanian, the present case may be of unimaginable magnitude,” the court stated in its order granting Ramkrishna’s custody to the CBI.

The court further stated that Chitra Ramkrishna would be subjected to a solitary interview to confront Anand Subramanian, who is now in police custody.

The court order stated that this could assist investigators in “finding out the full ramifications of the transactions in question, as well as digging out voluminous digital evidence about this case, as well as finding out the role of other players in this case of swindling institutional investors, foreign institutional investors, and honest retail investors.”

For the next hearing, in this case, Ramkrishna will be brought before the court on March 14.

What is the scam of co-location?

The CBI had questioned her for three days in a row before arresting her and searching her home.

Ramkrishna, who was the Chief Executive Officer (CEO) of NSE from 2013 to 2016, was also questioned by a top psychologist from the Central Forensic Science Laboratory.

On Sunday, the CBI arrested her on suspicion of giving evasive replies during the interview. Her anticipatory bail motion was denied by a Delhi court on Saturday.

In 2018, the CBI filed an FIR about the co-location scam. According to the CBI, the case includes a Delhi-based stockbroker who, according to the CBI, was able to obtain knowledge regarding stock trades ahead of others.

The matter came to light after the Securities and Exchange Board of India (Sebi) charged Chitra Ramkrishna and others with unfair conduct on February 11, including the nomination of Anand Subramanian as group operating officer of the National Stock Exchange of India (NSE).

SEBI also revealed in its order that Ramkrishna communicated private information regarding the National Stock Exchange via email with a “mystery yogi.” Many people connected with the case believe it was Anand Subramanian who was the “mystery yogi.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

AHTU Busts Prostitution Racket in Taloja, 9 Women Rescued

Published

on

In a major crackdown on illegal human trafficking, the Anti-Human Trafficking Unit (AHTU) of the Navi Mumbai Police busted a major flesh trade racket operating in the Taloja area. The successful raid resulted in the rescue of nine women who were allegedly pushed into the trade.

Acting on a precise tip-off regarding prostitution activities being operated in the locality, the AHTU team laid a strategic trap. The police first deployed a decoy customer to verify the information. Once the transaction was confirmed and the signal was given, the police team raided the designated premises.

During the operation, the authorities managed to rescue nine victims. The police also arrested the key operators running the illicit racket at the site. A case has been registered at the local police station under the relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Immoral Traffic (Prevention) Act (ITPA).

The rescued women have been sent to a rehabilitation home, and the Navi Mumbai Police are conducting further investigations to track down any broader networks or associates linked to this trafficking operation.

Continue Reading

Latest News

Airoli Protest Backs Sonam Wangchuk Over NEET Paper Leak Issue

Published

on

The political and civic landscape in Airoli has intensified as local citizens and political factions staged protests supporting climate activist and educator Sonam Wangchuk. The demonstrations were sparked by the police actions against Wangchuk’s hunger strike and his sudden removal from the Jantar Mantar protest site in Delhi.

Wangchuk has been on a prolonged, indefinite hunger strike to voice solidarity with student-led movements demanding immediate accountability regarding the massive NEET-UG examination paper leak controversy.

Protesters in Airoli joined the growing nationwide outrage, raising slogans against the Central government’s handling of the national examination system. Echoing Wangchuk’s core demands, the local agitators strongly called for the immediate resignation of Union Education Minister Dharmendra Pradhan, citing a severe lapse in transparency and structural oversight that has put the academic future of lakhs of medical aspirants at grave risk.

The local demonstration also criticized the administration’s alleged intolerance toward democratic and peaceful public questioning. Protest leaders highlighted that regular examination leaks ranging from the NEET controversy to regional teacher recruitment exams have become a distressing pattern. They urged Prime Minister Narendra Modi to break his silence, actively intervene, and mandate a decisive, transparent inquiry to restore faith in the country’s educational framework.

Continue Reading

Latest News

Haware Properties Duped of ₹30 Lakh in WhatsApp Impersonation Scam

Published

on

In a sophisticated cyber fraud incident, renowned real estate firm Haware Properties was duped of Rs 30 lakh. Cybercriminals orchestrated the scam by impersonating the company’s director, Amar Haware, using a WhatsApp display picture (DP) fraud.

The incident took place on July 14, 2026. The fraudster first blocked the original mobile number of Amar Haware who is the son of famous builder Suresh Haware. Using another mobile number, the scammer set up a fake WhatsApp profile bearing Amar Haware’s name and photograph.

Messages were then sent from this fraudulent profile to the company’s official office number, urgently requesting immediate fund transfers for critical business transactions. Tricked by the matching display picture and conversational tone, Hemant Katkar, a 48-year-old liaisoning officer at the Washi office, suspected no foul play. Believing the directives came directly from his superior, Katkar transferred a total of Rs 30 lakh in phases to the specified bank accounts. The fraud was uncovered later when staff managed to contact Amar Haware directly, who confirmed he had authorized no such transactions.

Following the realization, Katkar immediately registered an online complaint on the National Cyber Crime Reporting Portal, and an FIR was subsequently lodged at the Washi Police Station against unidentified fraudsters. The cyber police are tracking the beneficiary bank accounts, transaction histories, mobile numbers, and IP addresses to apprehend the culprits.

Continue Reading

Trending