Court sends NSE ex-MD Ramkrishna to 7-day CBI custody

March 07, 2022 17:35

A Delhi court Monday sent former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna to 7-day CBI custody in the NSE co-location scam case, saying her custodial interrogation was required for fair and proper investigations.

Special Judge Sanjeev Aggarwal passed the order after hearing arguments from CBI and the counsel appearing for accused.

"It appears that the custodial interrogation of the above accused would be required to find out the detailed modus operandi adopted by her 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," the court said.

It further said that her custodial interrogation would also be required for confronting her with Subramanian, who is already in police custody, in order to find out the entire ramifications of the transactions in question, to dig out the voluminous digital evidence pertaining and to find out the role of other players in this case of swindling the institutional investors, foreign institutional investors and honest retail investors.

"Therefore, police custody remand of this accused is required for fair and proper investigations, as there are more than reasonable and substantial grounds for doing so... In these peculiar facts and circumstances, in the interest of justice and for fair investigations, accused Chitra Ramkrishna is remanded to police custody till March 14, 2022. She be produced before the Court on March 14, 2022," the judge said.

The probe agency had sought her 14-day custodial interrogation.

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