GG News Bureau
New Delhi, 14th Feb. The Supreme Court on Monday declined to revoke Chitra Ramakrishna’s bail, a former managing director and CEO of the National Stock Exchange (NSE).
A bench of justices Ajay Rastogi and Bela M Trivedi refused to interfere with the Delhi High Court’s order granting Chitra Ramakrishna statutory bail.
The CBI has requested that Chitra Ramakrishna’s bail be cancelled.
The Central Bureau of Investigation (CBI) alleged in the National Stock Exchange Co-Location case that accused Chitra Ramakrishna, misusing her official position, re-designated accused Anand Subramanian as Group Operating Officer and Advisor to MD on April 1, 2015, without informing the NRC or the board.
The CBI is investigating the alleged improper dissemination of information from market exchange computer servers to stockbrokers.
Previously, the Securities and Exchange Board of India (SEBI) penalized the National Stock Exchange, its former CEOs Chitra Ramakrishna and Ravi Narayan, as well as two other officials, for lapses in senior-level recruitment.
The Enforcement Directorate (ED) is investigating a money laundering case involving Chitra Ramakrishna.
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