Delhi High Court grants Bail to Chitra Ramkrishna in Money Laundering Case

LI Network

Published on: 09 February 2023 at 14:31 IST

Today Delhi High Court granted bail to former CEO of the National Stock Exchange (NSE), Chitra Ramkrishna.

Chitra Ramkrishna got bail in a money laundering case related to the alleged illegal phone tapping of NSE employees. Delhi court had already granted her bail for the phone tapping case.

before this, while denying bail in the money laundering case, a Delhi HC Court said iSec – a cyber security firm – earned Rs 4.54 crore by illegally tapping the phones of NSE employees. The firm used to illegally intercept phone calls of NSE employees under the guise of a periodic study of cyber vulnerabilities.

Monetary loss was caused to NSE by allowing iSec to gain money out of the illegal activity, the judge said. When the deal was finalised between NSE officials and iSEC, the private firm was represented by former Mumbai Police Commissioner Sanjay Pandey.

The CBI suspected that former NSE heads, Chitra Ramakrishna and Ravi Narain, wanted to find out if the employees were discussing or leaking exchange-related information.

Chitra Ramkrishna was arrested by the Central Bureau of Investigation (CBI) in March, 2022. She was taken into custody in Delhi after a court rejected her anticipatory bail plea. She served as NSE’s CEO between 2013 and 2016.

Related Post