The Delhi High Court on Friday asked the CBI to reply to a bail plea by former National Stock Exchange (NSE) chief Chitra Ramkrishna, arrested in connection with a co-location scam.
Last week, a trial court denied bail to her, noting that the scam had “shaken the financial conscious of every investor, whether retail, institutional or otherwise, which needs mending to restore the confidence of the public at large”.
The CBI on March 6 arrested Ms. Ramkrishna in a case registered in May 2018 to probe the alleged abuse of the exchange’s server architecture for granting preferential access of market data to a stock broker, ahead of others.
