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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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Around Digha Railway Station, Negligence Causes Massive Water Wastage

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Ignorance leads to huge water wastage near Digha Railway station.

The Wastage

In another case of carelessness, on Wednesday, March 27, a large water pipeline next to the Digha train station was damaged, wasting litres of water. In addition to upsetting locals, this event has drawn criticism for the Navi Mumbai Municipal Corporation’s (NMMC) poor response.

After this occurrence, the NMMC, which was given the task of supervising the construction of citizen amenities, has come under investigation. While there are development projects going on in a number of places, a serious mistake happened close to the Digha railway station on the Thane Belapur route.

A large-water pipe that supplied Digha with water was accidently damaged by a JCB when the M/s Light Strong Company was working on excavation. The large-water pipe burst, resulting in the loss of lakhs of litres of water.

Municipal authorities were notified promptly, yet they did not move decisively against the contractor in question. Locals voiced their displeasure, drawing attention to a persistent problem where contractors appear to start work without proper supervision or responsibility.

“Irrational contractors begin work at their convenience with the tacit approval of Navi Mumbai Municipal Corporation officials,” said one resident. Millions of gallons of water were wasted when a water conduit ruptured close to the Digha railway station while the business was excavating. But neither the contractor nor the executives of the municipal corporation can bear all the blame.

“It is unacceptable to waste water. Additionally, such carelessness should not be tolerated now that summer has arrived. Another neighbor stated, “We hope NMMC takes action against such contractors.”

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The Shiv Foundation Hosts An Exhibition In Vashi Of Weapons Belonging To Chhatrapati Shivaji Maharaj

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On the occasion of our esteemed leader Chhatrapati Shivaji Maharaj birth anniversary, the Shiv Foundation of Shiv Sena (UBT) has arranged an exhibition including Shivaji Maharaj’s weaponry at Chhatrapati Shivaji Maharaj Chowk, Vashi, from March 27 to 28, 2024, from 6 am to 8 pm.

The display provides an overview of the weapons and combat strategies used throughout Shivaji Maharaj’s rule. In order to obtain insight into the struggles and conflicts of the medieval age, visitors can peruse a variety of displays that explain the historical value of these artifacts.

Shree Vitthal More, the District Chief of Shiv Sena (UBT), opened the exhibition, which attracted the interest of both public officials and ordinary people.

There will be a number of cultural activities and celebrations all day long to go along with the exhibition. Residents can take part in flower tributes, ceremonial greetings, and cultural performances honoring Chhatrapati Shivaji Maharaj’s ongoing legacy from morning to evening.

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Prices Of Lemons Rise As Heatwave Hits City

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As Summer & heatwaves strikes, the prices of lemon rise.

The Rise

Since the region has been immersed in intense heat and rising temperatures, lemons have become an extremely popular item in the city. Lemons are becoming an expensive luxury for many people as a result of their record-high costs, which are causing concern among the general public.

The retail market claims that the price of a single lemon has increased dramatically to Rs. 10 per piece, which is a substantial rise over prior months. Some people are so shocked by this increase that they are restricting how much lemon they eat.

Costs have increased overall as a result of the equivalent rise in lemon prices in wholesale marketplaces. The low salaries that define the present economic landscape put more burden on households that are already struggling financially.

The problem has been made worse by the increase in demand for lemons, which is ascribed to their cooling powers during the intense heat. Lemons are also essential for a number of culinary procedures, including the manufacture of lemon juice and the extraction of sugarcane juice.

According to a lemon merchant Varsha Sadanand Devkar. “Over the past 50 years, we have been selling lemons. But since the start of April, the cost has increased. We now sell three lemons for Rs. 25 and six for Rs. 50, while a single lemon costs Rs. 10 a piece.”

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