ED Grills Chitra Ramkrishna at Tihar Jail in NSE Co-location Scam
The enforcement directorate (ED) on Tuesday grilled the National Stock Exchange's (NSE's) former chief executive officer (CEO) and managing director (MD) Chitra Ramkrishna at length at Tihar Jail in connection with the co-location (Colo) scam.
 
The financial probe agency is conducting a parallel probe in the matter, on the basis of the first information report (FIR) filed by the central bureau of investigation (CBI).
 
The ED team questioned Ms Ramkrishna for some hours and recorded her statements in connection with the Prevention of Money Laundering Act (PMLA) case. In coming days, it might arrest her as well, if they need to confront her with documents.
 
In April, CBI had filed its first charge-sheet in the matter against Ms Ramkrishna and NSE's former Group Operating Officer Anand Subramanian.
 
Mr Subramanian was arrested by CBI on 24th February and Ms Ramkrishna on 6th March.
 
CBI is probing the matter since May 2018 but they haven't found any concrete evidence to identify mysterious Himalayan yogi with whom classified information about the NSE was shared by Ms Ramkrishna over email.
 
Recently, the Securities and Exchange Board of India (SEBI) had imposed a fine of Rs3 crore on her, following the market regulator finding that allegedly shared vital inputs about the NSE with the yogi.
 
On 1 April 2013, Ms Ramkrishna became the CEO and MD of NSE. She brought Mr Subramanian to NSE as her advisor in 2013.
 
Mr Subramanian was made the chief strategic adviser of NSE. He served at this post between 2013 and 2015 before being made GOO and adviser to the MD between 2015 and 2016, despite having no exposure to the capital market.
 
Previously working as a mid-level manager in Balmer and Lawrie, he had seen his salary increased from Rs15 lakh to Rs1.68 crore annually, and then to Rs4.21 crore.
 
Mr Subramanian quit the NSE in October 2016 and Ms Ramakrishna in December 2016.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
mcshekhar2009
1 month ago
She & her Param Pujya Yogi will take authorities for a big ride....like our White Veshti Chettiar did...
saharaaj
1 month ago
she appears to be smart for CBI like nothing came out of Chimdamram
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