Delhi HC grants bail to Chitra Ramkrishna, Anand Subramanian in NSE co-location case
New Delhi(PTI): The Delhi High Court on Wednesday granted bail to former National Stock Exchange (NSE) head Chitra Ramkrishna and ex group operating officer Anand Subramanian in the co-location scam case being probed by the CBI.
Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE.
A detailed copy of the order is awaited.
An FIR was registered in the case in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stock brokers.
Subramanian was arrested by the CBI on February 24.
The CBI had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by a trial court.
In a status report filed in the bail plea by Subramanian, the CBI said the investigation has established that co-accused Ramkrishna abused her official position at NSE to illegally appoint him as the Chief Strategic Advisor and also arbitrarily and disproportionately hiked his compensation and re-designated him as group operating officer without requisite approvals.
Ramkrishna was the MD and CEO of the NSE from April 2013 to December 2016.
The agency further claimed that Ramkrishna was communicating with an external email-id being operated by Subramanian and examination of witnesses was being carried out to unearth the whole conspiracy in the case.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
ED notice to Karnataka CM's wife politically motivated: D.K. Shivakumar
Deputy Chief Minister D.K. Shivakumar has alleged that the Enforcement Directorate (ED) issuing a notice to Karnataka Chief Minister's wife and Minister Byrathi Suresh is politically motivated.
Speaking to the media near his residence in Sadashivanagar on Monday, Shivakumar stated, "This is similar to the case against me. It is not possible for two agencies to investigate the same case simultaneously. The Lokayukta is already investigating the matter. Courts have issued multiple judgments that once the Lokayukta is handling a case, no other agency can investigate it. I will comment further after gathering complete details."
ALSO READ: MUDA case: ED summons CM Siddaramaiah's wife to appear before it on Tuesday
When asked about demands for a CBI investigation into the MUDA case, he said, "In my case too, both the CBI and ED were conducting investigations simultaneously. However, agencies cannot jointly investigate the same case."
Responding to queries regarding ministers' statements about the Chief Minister's position, he clarified, "No one has made any such comments. The government is stable, and we are all working under the Chief Minister’s leadership."
