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

Mumbai Airport Asks 12 International Airlines to Shift Operations to Navi Mumbai

Published

on

Airlines may move flights to Navi Mumbai International Airport from summer 2027 as Mumbai airport prepares for Terminal 1 redevelopment.

The Shift

Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has asked 12 international airlines to temporarily shift their flight operations to the Navi Mumbai International Airport (NMIA) from the summer schedule of 2027.

The move comes as Mumbai airport prepares for the redevelopment of Terminal 1, which will affect its existing flight-handling capacity. Out of 50 international airlines that requested flight slots for the summer schedule, the airport has allocated slots to 38 airlines. The remaining 12 have been asked to consider operating from Navi Mumbai.

The affected airlines operate flights to 14 international destinations, including Bahrain, Dammam, Doha, Jeddah, Kuwait City, Muscat, Riyadh, Sharjah, Kathmandu and Dhaka.

According to reports, the proposed shift could affect around five million passengers annually, while nearly 91% of Mumbai airport’s existing passenger traffic will remain unaffected. The Terminal 1 redevelopment project is expected to increase its annual passenger-handling capacity from 15 million to 20 million. Construction is scheduled to begin in January 2027 and is targeted for completion by March 2029.

Mumbai airport has assured airlines that their existing flight slots will be restored after the redevelopment work is completed. The move is aimed at distributing flight operations between Mumbai and Navi Mumbai airports while maintaining smooth passenger services during the construction period.

Continue Reading

Latest News

NMMC Sets Up Special Helplines for Diwali Firecracker Pollution Complaints

Published

on

Residents can report noise pollution, illegal firecracker sales and violations of permitted bursting hours through ward-wise and toll-free helplines.

The Helplines

The Navi Mumbai Municipal Corporation (NMMC) has introduced a special complaint system to address noise and air pollution caused by firecrackers during Diwali. The civic body has announced separate helpline numbers for all eight administrative wards, along with two toll-free numbers for residents to register complaints.

The facility covers Belapur, Nerul, Vashi, Turbhe, Koparkhairane, Ghansoli, Airoli and Digha. Residents can report loud firecrackers, illegal sales and violations of pollution control guidelines.

As per the Bombay High Court’s directions issued on October 15, 2026, firecrackers are permitted only between 7 pm and 10 pm. Crackers producing noise above 125 decibels are prohibited. Firecrackers containing harmful chemicals such as barium, lithium, arsenic, lead and mercury are also banned.

The NMMC has urged citizens to follow the prescribed timings and avoid excessive use of firecrackers, highlighting the health risks associated with rising air and noise pollution during the festive season.

Residents can contact the following numbers for complaints:

  • Belapur: 8976954881
  • Nerul: 8976954882
  • Turbhe: 8976954883
  • Vashi: 8976954884
  • Koparkhairane: 8976954885
  • Ghansoli: 8976954886
  • Airoli: 8976954887
  • Digha: 8976954889

Toll-free helplines: 1800222309 / 1800222310

NMMC Commissioner Dr Kailas Shinde has appealed to residents to celebrate an eco-friendly Diwali and help keep the city pollution-free.

Continue Reading

Latest News

Cab Driver Confronted for Allegedly Spitting Gutkha on Palm Beach Road

Published

on

Residents question the driver over littering in public, prompting him to clean the stain; video of the incident goes viral on social media.

The Gutkha

A cab driver was confronted by a woman resident for allegedly spitting gutkha on Palm Beach Road in Navi Mumbai. A video of the incident has gone viral on social media, showing the driver eventually cleaning the spot after being questioned by residents.

The incident reportedly took place when a woman noticed the driver spitting gutkha on the road near his vehicle. She questioned him and asked him to clean the area. However, the driver initially denied the allegation and refused to take responsibility.

The argument intensified when two security guards joined the discussion and questioned the driver. The woman also pointed out that spitting in public places is punishable and can attract fines.

After initially refusing, the driver eventually poured water from a bottle and cleaned the gutkha stain from the road.

The video, shared on social media by Richa Sameet, has triggered discussions about civic sense and the responsibility of citizens to maintain cleanliness in public spaces.

The incident has also highlighted the problem of people spitting tobacco and gutkha on roads and other public places, despite rules against such practices. Residents have stressed the need for greater public awareness and responsible behaviour to keep Navi Mumbai clean.

Continue Reading

Trending