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

Honor in the Ranks: 15 Navi Mumbai Cops Recognized for Outstanding Service

Published

on

Police Commissioner Milind Bharambe Among Honorees as Department Celebrates Excellence in Public Safety

The Honours

In a major moment of pride for the city, fifteen officers and personnel from the Navi Mumbai Police Commissionerate have been awarded prestigious service medals for their extraordinary dedication, bravery, and hard work in public safety.

Leading the list of honorees is Navi Mumbai Police Commissioner Milind Bharambe, who received the Ati-Utkrusht Seva Medal for his exceptional leadership and service. Under his stewardship, the Navi Mumbai police force has embraced modern technology-driven policing, yielding notable success in cracking down on narcotics, dismantling drug syndicates, and strengthening urban cybersecurity.

The honors reflect the department’s sharp focus on key community priorities, particularly enhancing women’s safety, modernizing local police stations, and fostering stronger public trust through proactive outreach. Officers across various ranks were recognized for their tireless duty in maintaining law and order across the Commissionerate.

Expressing gratitude for the recognition, department representatives emphasized that the medals belong to the entire force working around the clock to protect residents. The prestigious awards serve as a morale booster for the officers while reaffirming the department’s unwavering commitment to keeping Navi Mumbai safe, secure, and progressive.

Continue Reading

Latest News

Thrill Above 300 Feet: Palghar Unveils Glass Skywalk at Dabhosa Waterfall

Published

on

Independence Day Opening Brings Thrill-Seekers to Palghar’s Tribal Heartlands with Breathtaking Canopy Views

The Skywalk

Tourism in Palghar district got a high-altitude boost on Independence Day with the grand unveiling of a spectacular glass skywalk at the famous Dabhosa Waterfall. Inaugurated by Maharashtra Forest Minister and District Guardian Minister Ganesh Naik, the landmark project marks Palghar’s first-ever transparent skywalk, sparking immense excitement among locals and travel enthusiasts.

Engineered to offer an adrenaline-pumping perspective, the structure features a 5-meter-long transparent glass walkway leading to an 11-foot-wide circular viewing deck. Suspended high above the gorge, it gives visitors a front-row view of Dabhosa’s white waters cascading nearly 300 feet down into the lush green valley below.

Speaking at the inauguration, Minister Ganesh Naik highlighted the dual focus on thrill and regional growth. A designated parking area roughly 400 to 500 feet away is being developed via specialized agencies to manage visitor footfall smoothly while generating vital local revenue for the village panchayat.

“Under the vision of Prime Minister Narendra Modi and Chief Minister Devendra Fadnavis, our focus is bringing economic and educational progress to tribal-dominated districts like Palghar,” Naik said, emphasizing that eco-tourism projects create sustainable livelihoods.

The inauguration saw a strong turnout of dignitaries, including MP Dr. Hemant Savara, MLAs Rajendra Gavit and Harishchandra Bhoye, District Collector Dr. Indu Rani Jakhar, and SP Yatish Deshmukh. Combining scenic beauty with an edge-of-your-seat thrill, Palghar’s newest jewel is poised to become a must-visit weekend getaway.

Continue Reading

Latest News

Vashi’s ‘Ganraj’ Gears Up for 43rd Year with Eco-Friendly Heart

Published

on

Sector 16A Mandal Honors Founders as Preparations Begin for Navi Mumbai’s Celebrated Ganeshotsav.

The Preparations

A wave of devotion hit Vashi Sector 16A as the Ganraj Vashi Cha Raja Mandal officially kicked off preparations for its 43rd Ganeshotsav celebration. Marking over four decades of community tradition, the mandal held a traditional Mandap Poojan and blessed its new idol transport trolley at Ganraj Chowk.

The ritual was led by Mandal President Vijay Walunj alongside his wife Archana Walunj, with local leader Anjali Walunj, Ajay Walunj, and a large gathering of residents in attendance. Amid chants of “Ganpati Bappa Morya”, the mandal made a heartfelt gesture by inviting and honoring the senior citizens who founded the event 42 years ago.

“We owe our foundation to the elders who started this journey,” said Vijay Walunj. “With their blessings and the hard work of our youth volunteers, we are ready to welcome Bappa once again.”

Recognized last year as Navi Mumbai’s Best Ganeshotsav Mandal for its eco-friendly practices and social awareness themes, the committee promises another impactful experience this season. Beyond elaborate decorations, the mandal remains committed to strict environmental guidelines, clean surroundings, and thought-provoking cultural displays (jhankis).

Organizers invite devotees from across Navi Mumbai and neighboring areas to join the festivities. As preparations wrap up, Sector 16A is set to deliver another memorable season filled with devotion, unity, and social message-driven artwork.

Continue Reading

Trending