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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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FDA Suspends Three Dairy Units in Taloja Over Suspected Milk Adulteration

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Authorities destroy 1,494 litres of suspected adulterated milk and register a criminal case against six people following inspections in Panvel.

The Adulteration

The Food and Drug Administration (FDA) has suspended the licences of three dairy units in the Taloja industrial area of Panvel following inspections that reportedly revealed violations of food safety and hygiene standards. The action was taken against Mateshwari Foods, Sawariya Milk and Milk Products, and Royal Foods, located in Balaji Industrial Park, Taloja.

During the inspection, FDA officials destroyed 1,494 litres of suspected adulterated milk and seized curd for further examination. Samples have been sent for laboratory testing, and further action will depend on the test results. A criminal case has also been registered against six people at Taloja police station. They are accused of involvement in the production, storage and sale of adulterated food products, raising concerns about the safety of dairy products supplied to consumers.

The FDA’s action highlights the importance of maintaining proper hygiene and following food safety regulations in dairy processing units. Authorities are investigating the matter, and further steps may be taken based on the findings. The incident has also raised concerns about the quality of milk and milk products available in the market, underlining the need for regular inspections to protect public health.

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Navi Mumbai AQI Remains Above 100, Activists Demand Stronger Pollution Control

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Mahape records the city’s highest AQI at 141, while environmentalists call for stricter action and improved pollution standards.

The Demand

Air pollution continues to be a concern in Navi Mumbai, with the Air Quality Index (AQI) remaining above 100 since October 16. According to the Central Pollution Control Board’s (CPCB) National Air Quality Data Management System, the city recorded an AQI of 121 at 2.05 pm on October 19. Mahape reported the highest AQI at 141, while the monitoring station in Sector 2E, Kalamboli, recorded the lowest at 103. Other locations also registered elevated readings, including CBD Belapur (133), Koparipada-Vashi (131), Tondare-Taloja (125), Sanpada (115) and Nerul (109). PM10 and PM2.5 were among the prominent pollutants recorded in CBD Belapur.

Environmental activist BN Kumar criticised the administration’s response, stating that rising pollution levels reflected inadequate regulation of construction activities, vehicle emissions and industrial pollution. He urged residents to demand accountability and concrete measures to protect public health and the environment. Activists have also questioned the difference between India’s AQI classification and that of the United States. Under India’s system, readings between 101 and 200 are classified as ‘Moderately Polluted’. In the US, readings of 101–150 fall under ‘Unhealthy for Sensitive Groups’.

Jyoti Nadkarni, a Kharghar-based resident and environmental activist, called for India to upgrade its pollution standards and give environmental protection greater priority. The elevated AQI levels raise concerns for children, senior citizens and people with respiratory or cardiovascular conditions, who are particularly vulnerable to the effects of air pollution.

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Giant Digital Hoardings on Palm Beach Road Raise Tender Violation Concerns

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Activists question the legality of installations, citing possible tender violations, road safety risks and lack of civic permissions.

The Hoardings

Giant digital hoardings installed at prominent junctions along Palm Beach Road have sparked controversy over alleged tender violations, road safety and civic accountability. Environmental activists and advertising agencies have questioned whether the installations comply with the Navi Mumbai Municipal Corporation’s (NMMC) advertising contract.

The five-year contract awarded to M/s Ronak Advertising Agency reportedly covers 36 existing hoardings at 30 public and community toilet locations across the city. The agency is said to pay the civic body approximately Rs 2.25 crore annually. However, allegations have emerged that large digital displays have been installed at prominent Palm Beach Road junctions beyond the locations specified in the contract. Activists have demanded an investigation into the permissions granted and compliance with the tender conditions. Local MLA Manda Mhatre had earlier objected to the installation of large hoardings near traffic signals and reportedly sought cancellation of the contract.

Activists have also warned that bright, illuminated displays featuring changing advertisements could distract motorists at busy junctions and increase road safety risks. Questions have additionally been raised about structural safety inspections and compliance with applicable regulations. Environmental activist Bhaskar Machhare said a delegation of activists and advertising contractors had met the municipal commissioner to raise concerns over the allegedly unauthorised installations.

According to Machhare, the commissioner clarified that he had not granted permission for the hoardings and directed the concerned officials to take immediate action. The controversy has intensified demands for a thorough inquiry into the approval process and the role of officials responsible for regulating outdoor advertisements. The civic body’s response and any action against the disputed structures are now being closely watched.

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