A Central Bureau of Investigation (CBI) court on Monday extended the judicial custody of National Stock Exchange's former MD and CEO Chitra Ramkrishna, arrested by the probe agency in early March in connection with the NSE co-location (Colo) case, up to 11th April.
Special Judge Sanjeev Aggarwal also permitted CBI to get Ms Ramkrishna's handwriting specimen on probe-related grounds as the agency stressed need to investigate several digital pieces of evidence.
Earlier, the same judge had issued notice on Ms Ramkrishna's bail application, asking the central agency to respond in the matter within two weeks, and had posted the matter to 8th April.
Ms Ramkrishna was arrested earlier this month while Anand Subramanian, the NSE's former group operating officer (GOO) and her adviser, was arrested in February after questioning.
CBI probing the NSE fraud has been making efforts to find fresh clues to reach the mysterious 'Himalayan Yogi', with whom the classified information was shared by Ms Ramkrishna. While the forensic report of Ernst & Young (E&Y) says that Mr Subramanian could be the mysterious Yogi, market watchdog SEBI had last month denied this.
CBI is trying to corroborate the evidence is collected with the questioning of Mr Subramanian.
It is probing the matter since May 2018 but has failed to find any concrete evidence to identify the mysterious Himalayan Yogi.
Recently, the SEBI imposed a fine of Rs3 crore on Ms Ramkrishna, following the market regulator finding that she allegedly shared vital inputs about the NSE with the 'yogi', including information regarding organisational structure, dividend scenario, financial results, human resource policies and related issues, response to regulator, etc. This was done through emails sent to email id: [email protected]
On 1 April 2013, Ms Ramkrishna became the CEO and MD of NSE. She brought Subramanian to NSE as her advisor in 2013.
Mr Subramanian was made the chief strategic advisor of NSE. He served in this post between 2013 and 2015 before being made GOO and advisor 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 increase from Rs15 lakh to Rs1.68 crore annually, and then to Rs4.21 crore. Mr Subramanian quit NSE in October 2016 and Ms Ramkrishna in December 2016.
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