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.
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FIDE Women's World Cup final: Humpy draws with Divya in first game
Batumi (Georgia), Jul 26 (PTI): Young Indian International Master Divya Deshmukh held her nerves to hold stalwart Koneru Humpy to a draw in game 1 of the FIDE Women's World Cup final, with both players having their share of opportunities to take the lead here on Saturday.
The draw with black means Humpy, the two-time World Rapid champion, holds a slight edge going in the second and final game under the classical chess rules in the two-game mini-match, and should the deadlock continue, games of shorter duration will be played to determine the winner.
Humpy employed the Queen's gambit accepted as black and it turned out to be a pretty fascinating game right out of the opening as Divya, 19, came up with a piece sacrifice early to deny the black king the right to castle.
Humpy was the first to err and, according to computers, Divya had things under control on the 14th move. However in her bid to recover the extra material, the Nagpur girl, who has secured a place in the Candidates tournament with her sterling performance here, missed a promising continuation.
What followed the exchange of all minor pieces and the ensuing queen and rook endgame gave enough counter play to both players. The game was eventually drawn after Humpy sacrificed her rook to force perpetual checks.
"The game saw an extremely sharp battle with the game ending in a draw in 41 moves. On move 7, Divya made her aggressive intentions clear by offering another pawn,
which looked like home preparation. Humpy made a practical decision of refraining from taking the pawn and a balanced position was reached by move 10 by white," said Grandmaster Pravin Thipsay, an Arjuna awardee and the first Indian to get a chess Grandmaster norm.
"However, instead of developing the undeveloped Knight, Humpy retreated the centralised Knight on move 10, giving huge positional advantage to Divya. Divya could have gained huge positional advantage on the 12th move by moving a rook. However, she chose to play for King side attack by sacrificing a piece instead.
"Humpy, too, erred at this stage and instead of moving the King to Queen side, moved it to the King side. Divya, on move 14, could have obtained a crushing attack by threatening a mate by developing her Queen. Instead she chose to exchange a pair of Bishops first, which enabled Humpy to defend her King by returning the piece," said Thipsay.
"Players thus reached a balanced Queen and two Rooks ending. Divya continued to play ambitiously and tried to attack Humpy’s King but the latter defended accurately and the game was drawn in 41 moves by perpetual check," he added.
In the play-off for the third place, Chinese players Zhongyi Tan, the former women's world champion and top seed Lei Tingjie also decided to split points out of a Queen’s gambit declined game.
The opening raised visions of a close contest between the two but having been knocked out of title race in the previous round, none of them wanted to take any huge risk. It was still a middle game when the players shook hands.
With the top two positions sealed for the Indians, the berth to the next Candidates is also assigned, while the player finishing third will also get an entry to the premier event scheduled for 2026.
Results: Divya Deshmukh (Ind) drew with Koneru Humpy (Ind); Zhongyi Tan (Chn) drew with Tingjie Lei (Chn).
