The Delhi high court issued notice to CBI in the matter of former MD of NSE Chitra Ramkrishna who has been accused of being involved in financial misdeeds and frequently revising the designation and compensation of another former NSE employee Anand Subramanian.
On Wednesday the Delhi High Court issued notice to the Central Bureau of Investigation (CBI) on a bail plea filed by former Managing Director (MD) of the National Stock Exchange (NSE), Chitra Ramkrishna who is accused in the NSE co-location scam case.
The bench comprising Justice Sudhir Kumar Jain sought the response of the CBI.
The court adjourned the matter and fixed it for a further hearing on May 31, 2022.
The Special CBI court had denied bail earlier this month to Chitra and hence she has challenged the orders of the CBI court.
Chitra is accused of frequently revising the designation and compensation of another former NSE employee Anand Subramanian.
The finding of the Securities and Exchange Board of India (SEBI) order dated February 11, found that Chitra Ramakrishna had allegedly been involved in financial misdeeds relating to fixation and frequent revision of compensation of another former NSE employee Anand Subramanian in a disproportionate manner. She is alleged to have done this in cahoots with someone whom she claimed to be a “Siddha Purusha”.
Chitra was contented that being the managing director had the bandwidth to determine the salary of any consultant and such emoluments were within such bandwidth on the basis of the experience Subramanian brought to the table.
Chitra has also alleged was in touch through e-mails with the Himalaya Yogi who the CBI later claimed to be none other than Subramanian.
The allegation against Subramanian is that he while performing a public duty to protect the interest of common investors, indulged in criminal conspiracy with other co-accuses and caused huge advantage to various trading members/brokers and thus committed a serious economic offence.
However, Chitra had told the lower court that she had no connection with brokers and as per the investigation none of them had been arrested.