A Special CBI court in Delhi on Saturday dismissed the anticipatory bail plea of former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE co-location case.
Special CBI Judge Sanjeev Aggarwal after hearing both the parties at length and after consideration of the entire material decided not to give anticipatory bail to Chitra Ramkrishna.
The same court earlier, while keeping the order reserved, also had said no good ground for ad-interim protection from arrest is made out in favour of the applicant/accused at this stage
Ramkrishna was MD and CEO of NSE from April 2013 to December 2016, Narain was the MD and CEO of the exchange from April 1994 till March 2013. Thereafter, he was appointed as vice-chairman in the non-executive category on the NSE's board from April 2013 and remained so till June 2017.
Ramkrishna hit the headlines after a SEBI order on February 11 said that she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).
The Securities and Exchange Board of India charged Ramkrishna and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to MD.
SEBI levied a fine of ₹3 crore on Ramkrishna, ₹2 crore each on the National Stock Exchange (NSE), Subramanian, former NSE MD and CEO Ravi Narain, and ₹6 lakh on V R Narasimhan, who was the chief regulatory officer and compliance officer.
