CBI gets 7-day custody of former NSO CEO Chitra Ramkrishna

A Delhi Court has sent former National Stock Exchange (NSE) chief Chitra Ramkrishna to seven-day CBI custody on Monday. The  agency  arrested her on Subday last night over major lapses at India's largest stock exchange and accused of taking huge decisions under the influence of a "Himalayan yogi". The agency told a court that it needed to question her and confront her with evidence as she "has been evasive" till now.Ms Ramkrishna was questioned along with her former aide Anand Subramanian on March 6, but she "refused to recognise him", the agency told the court.

Presenting the CBI's case before Special Judge Sanjeev Aggarwal, the public prosecutor said Ramkrishna was "not cooperating with the investigation" and had to be confronted with "over 2,500 incriminating emails".  In its order granting Ramkrishna's custody to the CBI, the court noted: "It appears that the custodial interrogation of the above accused would be required to find out the detailed modus operandi adopted by this accused person in conspiracy with the other co-accused persons involved in the present case, including co-accused Anand Subramanian, the present case may be of unimaginable magnitude".

An FIR was registered in connection with the co-location scam by CBI in 2018. The case involves a Delhi-based stockbroker who, according to the CBI, managed to gain access to information about stock trades before others. The matter came to light after SEBI. In its order, Sebi also revealed that Ramkrishna shared confidential information about the National Stock Exchange with a "mysterious yogi" via emails. Many officials familiar with the case suspect that the "mysterious yogi" was none other than Anand Subramanian.