Tanya Gupta
Published on: March 8, 2022 at 19:26 IST
Chitra Ram Krishna former National stock Exchange Head was Arrested by the Central Bureau of Investigation for Alleged Trading inside Information, remanded for 7 days in Custody of the Central Bureau of Investigation, directed by Delhi Court.
On 7 March, her Anticipatory Bail Plea was Rejected by Special Central Bureau of Investigation Judge Sanjeev Aggarwal on the Grounds of Conspiracies Involving the Loss of Public Funds.
The Bail Order stated, “This kind of Co-Location Swindle could not have been possible without the Knowledge and Active Connivance of all Functional Heads of the National Stock Exchange at the relevant time; this period can be considered as a Dark Period in the History of the National Stock Exchange.”
During her 3 days Interrogation Ramkrishna has not provided proper answers to the questions, the Court noted. Questioning of both Anand Subramanian and Ramkrishna is necessary to expose the Truth, the Central Bureau of Investigation argued.
For about 4 years, No Action has been taken against the Main Beneficiaries of this Alleged Scam who are “Enjoying Merrily at the Expense of the Common Citizenry,” the Central Bureau of Investigation is handling the Case in a “Most Lax” manner, Court stated.
Radhakrishna’s Counsel asserted that the Case is suffering from Media Trial. However, the Accused is cooperating since the Investigation has started.
According to the Counsel, it was further Argued that the Central Bureau of Investigation and National Stock Exchange both had all the Materials still nothing was recovered from the Applicant and she is not allowed to Influence any Witnesses or Tamper with any Evidence.
This case arises from the Securities and Exchange Board of India’s February 11 order which demonstrates her engagement in frequent Manipulation and Revision of Anand Subramanian’s (Siddha Purusha) Remuneration.
She is forbidden for 3 years from Associating with any Intermediary or any Market Infrastructure Institution Registered with the Securities and Exchange Board of India (SEBI).
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