Chitra Ramkrishna the National Stock exchange’s Former managing Director was accused of frequently revising the designation and compensation of another former NSE employee Anand Subramanian. In this regard, the Special CBI court denied bail on Thursday, in the NSE co-location scam case.
After hearing the arguments of both Ramakrishnan and Subramanian their pleas were dismissed by Special Judge Sanjeev after their arguments were heard.
The case comes from an order of the Securities and Exchange Board of India (SEBI) that found Ramakrishna allegedly involved in financial misdeeds relating to the revision and fixation of the salary of Subramanian