On Sunday, the Central Bureau of Investigation (CBI) arrested former MD and CEO of National Stock Exchange (NSE) Chitra Ramkrishna in a co-location scam in the exchange. Her arrest comes after the Special CBI Court in Delhi rejected her anticipatory bail on Saturday. Before her arrest, she was quizzed for three days, and the CBI team raided her house.
Important to note that former NSE group operating officer Anand Subramanian was arrested on February 25. The scam and investigation trail led to Chitra Ramkrishna, who some yogi advised in the Himalayas. She is accused of sharing inside information with a yogi, among other charges. Earlier, the SEBI had charged Subramanian, Ramkrishna and others with governance irregularities.
During Ramkrishna’s interrogation, the CBI took the help of the senior psychologist as she was not cooperating. The psychologist also observed that she was dodging questions from the agency.
According to the CBI, severe irregularities in NSE were found between 2010 to 2015. In 2013, Chitra Ramkrishna took charge of NSE from then MD Ravi Narain. The CBI team has also grilled Narain in the case. The CBI had been investigating the case since 2018 after a SEBI report pointed to the alleged abuse of power by the top management of the NSE.