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Chitra Ramkrishna has been placed in the custody of CBI

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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.”

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Proposed Helipad at Navi Mumbai’s Lord Venkateswara Temple Sparks Discussion

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The under-construction Lord Venkateswara temple in Ulwe, Navi Mumbai, is nearing completion but now faces a new debate over a proposed temporary helipad within its 10-acre premises.

Raymond Consumer Care Limited, the temple’s principal donor, has requested the Tirumala Tirupati Devasthanams (TTD) to consider building the helipad on Plot No. 3, Sector 12, allotted by the Maharashtra government through CIDCO. However, site engineers informed Raymond that no such provision exists in the commencement certificate issued by CIDCO.

Raymond has asked TTD to escalate the proposal for management consideration. TTD’s Chief Engineer acknowledged that a helipad could serve as an emergency facility and a secure access point for VVIPs, given Navi Mumbai’s severe traffic congestion. TTD Executive Officer J Shyamala Rao clarified that the helipad is not part of the core temple construction and that no permissions have been granted yet. “We are still evaluating the proposal in line with Agama Shastras and regulatory guidelines,” Rao said.

Local devotees support the helipad, highlighting its potential to significantly cut travel time for pilgrims. The Chief Engineer also noted that nearby Sector 12 already hosts several helipads, making the proposal regionally viable.

The temple project has previously navigated major hurdles, including a legal challenge over CRZ norms and the complex rerouting of a Reliance Industries gas pipeline passing through the site.

If approved, the Navi Mumbai temple would become the first TTD temple globally to feature a helipad, potentially setting a precedent for future temples across India and abroad.

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Former BJP Yuva Morcha Leader Arrested for ₹3.5 Lakh Property Fraud in Nerul

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Nerul Police have arrested Ranjit Bhalchandra Naik, a former BJP Yuva Morcha office-bearer and real estate agent, for allegedly cheating a woman of Rs 3.5 lakh by falsely promising to sell her a flat and a shop in Sector 23, Nerul. Naik, who runs Samarth Krupa Developers, has been booked under the Maharashtra Control of Organised Crime Act (MCOCA) due to multiple similar fraud cases linked to him.

The complainant, 51-year-old Ahmadi Abdurrah Mulla from Tala, Raigad, approached police after Naik failed to deliver the promised properties. Naik had offered her a 950 sq. ft. flat and a 450 sq. ft. shop in the Shivam Classic building at a discounted price of ₹45 lakh. Between May 2023 and mid-2025, Mulla paid Rs 3.5 lakh through cheque, online transfer, and cash. When she repeatedly asked for possession or a refund, Naik allegedly threatened her, prompting her to file a complaint on June 9.

Police investigations revealed Naik was already facing four similar cheating cases, registered in 2023 and 2024, at Nerul Police Station. Despite multiple summonses, he failed to appear for questioning.

“Recognizing a consistent pattern of fraud, we proposed applying MCOCA against Naik,” said Senior Police Inspector Brahmananda Naikwadi. The proposal, cleared by senior officers, led to Naik’s arrest on June 19. He was produced in court on June 20 and remanded to four days of police custody. Assistant Police Inspector Nilesh Phule is leading the ongoing investigation to identify more potential victims.

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Golden Jackals Spotted Near DPS Lake, Nerul: Fresh Call to Protect Ecologically Sensitive Zone

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A recent sighting of golden jackals behind DPS Lake in Sector 52A, Nerul, has reignited calls from environmentalists and local citizens to protect the ecologically sensitive area. Wildlife enthusiast Ashutosh Kelkar captured the sighting, drawing renewed public attention to the region’s rich biodiversity.

The DPS Lake area, surrounded by mangroves and part of a vital wildlife corridor near the NRI wetland, has been under scrutiny due to ongoing development pressures. Golden jackals, known to thrive in mangrove ecosystems, have been regularly spotted in the area, underscoring its ecological significance.

Environmentalists argue that the lake and surrounding green patches are essential urban habitats and should be designated as protected forest land. “CIDCO had earlier marked the DPS Lake plot as developable land, despite the revised Development Plan awaiting state approval,” said activist Sunil Agarwal. Allegations have also surfaced against a private builder for illegally cutting over 300 trees without permission or formal possession of the plot.

In response to growing public concern, Maharashtra Forest Minister Ganesh Naik has reportedly instructed CIDCO to immediately halt all development activities on the site. Naik has also asked the Forest Department to explore declaring the area a Conservation Reserve, which would ensure long-term ecological safeguarding.

Activists emphasize that the plot’s close proximity to mangroves makes it a critical part of Navi Mumbai’s coastal ecosystem. “The sighting of golden jackals confirms this is not just green space—it’s an active urban forest,” Agarwal stressed.

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