India
In the NSE case the CBI is expected to detain Chitra Ramakrishna
Sources tell that Chitra Ramakrishna, the former chief of the National Stock Exchange (NSE), is likely to be detained by the Central Bureau of Investigation (CBI) after a Delhi court denied her anticipatory bail appeal on Saturday.
Chitra Ramakrishna had filed a court appeal seeking protection from the CBI’s detention. After the agency objected, her application was denied.
Officials may arrest her shortly, according to sources, but if she goes to the high court, the CBI will have to wait for an order.
Chitra Ramakrishna, NSE’s former Managing Director, and Chief Executive Officer are being investigated for allegedly sharing private NSE information with a “yogi who resides in the Himalayas.”
CBI officers had previously questioned her in Mumbai. Anand Subramaniam, her suspected close friend, and former Group Operating Officer of NSE was previously detained by the CBI.
Officials claim that the suspected discriminatory activities in NSE took place between 2010 and 2015. Ravi Narain was the NSE’s Managing Director and Chief Executive Officer until March 2013. At the time, Chitra Ramakrishna was the company’s, Deputy CEO. She succeeded Ravi Narain as CEO of the NSE, which she led until December 2016.
According to sources, the CBI took action in response to recent SEBI findings (Securities and Exchanges Board of India).
“As during inquiry into the matter of co-location facilities at NSE, SEBI came across all these documentary evidence, which illustrated that Notice No. 1 [Chitra Ramakrishna], former MD & CEO of NSE, had disclosed certain internal confidential information of NSE, viz., organizational structure, dividend scenario, financial results, human resources policy, and related issues, response to the regulator, etc., with an unfamiliar persuasion,” the SEBI said in its order on February 11.
According to sources, the CBI has new evidence in the co-location case against Chitra Ramakrishna.
In 2018, the CBI filed an FIR in a co-location case on the court’s directives. The CBI case involves a stockbroker who allegedly corrupted the NSE’s system with the cooperation of then-top officials to acquire access to the markets before anyone else when they opened.
Sanjay Gupta (promoter of OPG Security Pvt Ltd), Aman Kokrady, his brother-in-law, and data cruncher and researcher Ajay Shah, as well as anonymous NSE and SEBI employees, were listed as suspects in the investigation by the CBI.
The broker’s computer is located in the same area as the stock exchange’s server, which is known as co-location.
In comparison to other brokers, this gives brokers a time advantage. The broker whose computer is housed in the NSE’s server room has first access to market data, allowing them to profit handsomely from stock trading.
In the CBI investigation, broker Sanjay Gupta reportedly had access to the NSE’s co-location facility, allowing his firm, OPG Security Pvt Ltd, to acquire early access to data and earn massive financial profits.
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Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe
The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.
Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.
An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.
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Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations
The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.
According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.
The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.
Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.
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Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election
The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.
Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.
Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.
As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.
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