New Delhi:
Former National Stock Exchange (NSE) chief Chitra Ramkrishna, accused of being involved in grave lapses at India’s largest stock market — including sharing confidential information with an individual she dubbed a “Himalayan yogi” — has been sent to jail for 14 days. The 59-year-old, who has been heading the NSE since 2013, was arrested by the Central Bureau of Investigation on February 24 after days of questioning in what has been dubbed the market manipulation scam.
The case — involving an unfair advantage in trading to some brokers — was filed in 2018. The agency is investigating allegations of information leak from the computer servers of the market exchanges to stockbrokers in what has come to be known as the “co-location scam”.
Chitra Ramkrishna had moved a petition seeking bail, contending that the agency does not seek her custody any more.
But the CBI opposed it, arguing that she is an influential person and the investigation is still in progress on her foreign visits and other aspects of the case. “Hence we want her to be sent to judicial custody,” the agency argued.
