A Delhi court on Monday allowed the CBI to collect the handwriting sample from former director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE colocation case.
Special Judge Sanjeev Aggarwal also extended Ramkrishna’s judicial custody until April 11, after she was brought to trial at the end of her previous judicial custody.
The court approved the injunction for the applications filed by the CBI, stating that the investigation was at a very critical stage and that it was examining various digital evidence in the case.
The CBI had arrested Ramkrishna after her anticipatory bail request was previously rejected by the court.
The court asked for CBI’s response to Ramkrishna’s bail request on March 26 and moved the case to April 8.
The court recently rejected the bail request of NSE’s former group operating officer (GOO) Anand Subramanian in the case.
The CBI had recently questioned Ramkrishna about this. The Income Tax (IT) department has previously raided several premises related to Ramkrishna in Mumbai and Chennai.
Ramkrishna was also on the radar of the market regulator Securities and Exchange Board of India (SEBI).
Recently, the CBI court had placed Subramanian, adviser to Ramkrishna, in the custody of the CBI.
He was arrested by the CBI from Chennai in connection with the NSE case.
The arrest came in the case linked to the co-location scam, for which the FIR was registered in May 2018, amid new revelations about irregularities at the country’s largest stock exchange.
The CBI is investigating the alleged inappropriate dissemination of information from the computer servers of the market exchanges to the stock brokers.
Previously, the Securities and Exchange Board of India (SEBI) sanctioned the National Stock Exchange (NSE) and its former CEOs Chitra Ramakrishna and Ravi Narayan and two other officials for missing out on high-level recruiting.
Ravi Narain was the MD and CEO of the NSE from April 1994 to March 2013, while Chitra Ramkrishna was MD and CEO of the NSE from April 2013 to December 2016.
The market regulator found that the NSE and its top executives violated securities contract standards related to the appointment of Anand Subramaniam as group operating officer and advisor to the general manager.
(This story was not edited by DailyExpertNews staff and was generated automatically from a syndicated feed.)