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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Maharashtra civic polls: Parties lost should introspect, says Owaisi
Hyderabad (PTI): Thanking the people of Maharashtra for electing 125 of its candidates as corporators in various Municipal Corporations in the western state, AIMIM chief Asaduddin Owaisi on Saturday said the parties that lost the polls should introspect.
Addressing a press conference, Owaisi said the AIMIM party is gearing up to contest Municipal polls in Telangana and that the party already sought the names of interested candidates.
“Now those parties who abuse us (as BJP's B team) should think of themselves. It is the decision of the people. There is an English saying that victory has many fathers, defeat has none. Why did we (they) lose? Those great people will have to say. As far as the voters' list is concerned, it is correct,” he replied to a query.
Replying to a query on Thackeray cousins coming together, the Hyderabad Lok Sabha MP said the verdict is in front of everyone, and Uddhav Thackeray's candidate has won in the area where Eknath Shinde’s house is located.
“Our party has won. I am happy. I do not know about others,” he said.
Owaisi exuded confidence that his corporators who won on the party’s symbol would sail with the party, even as AIMIM is taking all precautionary measures to keep the flock together.
Reacting to a query on being called the BJP's "B team", Owaisi said he does not have a cure for such allegations.
"It (allegations) makes no difference to me. Those talking such nonsense should understand that you are disrespecting the people who voted for us. If you hurt them, your downfall will continue. AIMIM will become even stronger," he said.
Asked on reports of posters at Haridwar’s Hari Ki Paudi allegedly banning the entry of non-Hindus, Owaisi said this is against the Constitution. He said it is a form of untouchability and violates the right to equality.
