regular-article-logo Tuesday, 27 February 2024

Co-location scam case: CBI arrests Chitra Ramkrishna in Delhi

The former National Stock Exchange CEO was grilled for three consecutive days and carried out searches at her residence, officials said

PTI New Delhi Published 07.03.22, 03:56 AM
Chitra Ramkrishna.

Chitra Ramkrishna. File photo

The CBI arrested former National Stock Exchange CEO Chitra Ramkrishna in the co-location scam case on Sunday, officials said.

Ramkrishna was arrested in Delhi and was taken for medical checkup, they said. She was later lodged in lockup at the CBI headquarters, they said.


The CBI had grilled Ramkrishna for three consecutive days and carried out searches at her residence, officials said, adding that she was not giving proper responses.

The central probe agency had also used the services of a senior psychologist of the Central Forensic Science Laboratory who also questioned her, they said.

The officials said the psychologist had also come to the conclusion that she was evasive in responses leaving no option for the agency but to arrest her.

A special CBI court had on Saturday rejected her anticipatory bail application, they said.

The CBI, which was probing the co-location scam since 2018 against a Delhi-based stock broker, swung into action after a Sebi report showed alleged abuse of power by the then top brass of the NSE, the officials said.

On February 25, the CBI had arrested former NSE group operating officer Anand Subramanian after expanding its probe into the co-location scam in the exchange following “fresh facts” in the Sebi report that referred to a mysterious yogi guiding the actions of Ramkrishna.

The Securities and Exchange Board of India (Sebi) on February 11 had charged Ramkrishna and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to MD.

Subramanian was allegedly referred to as the “yogi” in the forensic audit but Sebi in its final report had rejected the claim.

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