The Central Bureau of Investigation has filed a chargesheet against the former National Stock Exchange (NSE) managing director Chitra Ramkrishna and its former group operating officer Anand Subramanian in the alleged co-location scam case.
After several rounds of questioning, the agency had arrested Mr. Subramanian in February and days later, Ms. Ramkrishna was also arrested. The move came after, on February 11, the Securities and Exchange Board of India (SEBI) levied fines on the two accused and others on various counts, and then the Income Tax Department searched their premises in Chennai and Mumbai.
Both the accused are currently in judicial custody. Their bail pleas are scheduled to be heard by a special court later this month.
