New Delhi: The Delhi High Court on Wednesday granted ‘statutory bail’ to Chitra Ramakrishna, the former CEO-MD of National Stock Exchange (NSE), and former NSE official Anand Subramanian in the NSE co-location scam case.
Justice Sudhir Kumar Jain granted the ‘statutory bail’ as the probe had not completed within a specified period of time and the accused were under judicial custody.
Ramkrishna had approached the high court against the order of a special CBI court that denied her bail in May.
On February 24, the CBI arrested Subramanian, the former Group Operating Officer of NSE. He was later sent to CBI’s custody till March 6.
The 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 Ramakrishna.
It was learnt in the forensic report of Ernst & Young (E&Y) that Subramanian could be the mysterious Yogi.
The SEBI had, on February 11, denied it.
The CBI is trying to corroborate the evidence it collected with the questioning of Subramanian.
It has been probing the matter since May 2018 but has failed to find any concrete evidence to identify the mysterious Himalayan Yogi.
Recently, the SEBI had imposed a fine of Rs 3 crore on Ramakrishna, following the market regulator finding that she allegedly shared vital inputs about the NSE with the Yogi.
On April 1, 2013, Ramakrishna became the CEO and MD of NSE. She brought Subramanian to NSE as her advisor.
Subramanian was made the Chief Strategic Advisor of NSE. He served at this post between 2013 and 2015 before being made Group Operations Officer 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 increased from Rs 15 lakh to Rs 1.68 crore annually, and then to Rs 4.21 crore.
Subramanian quit the NSE in October 2016 and Ramakrishna in December 2016.
The CBI swung into action in the case in 2018 and has been probing the matter since then.
-IANS
Kerala organ racket: ED searches 9 premises, seizes documents, freezes bank accounts
Kochi: The ED conducted searches at nine premises in Kerala in connection with an illegal organ trafficking racket and seized incriminating hospital records and froze bank accounts of suspects...
Actress Rukmini Vasanth fake bikini photo case: Accused say they did it for sadistic pleasure
Bengaluru: The three persons arrested in connection with the circulation of fake bikini videos and photographs of actress Rukmini Vasanth, who gained national attention for her role in the film...
13 individuals booked in Naubatpur gang rape case; Rohini Acharya targets Bihar govt
Patna: The alleged gang-rape of two sisters in the Naubatpur area of Patna has triggered a major political controversy in Bihar. The two women, who had come from Jharkhand...
Raja Raghuvanshi murder case: Meghalaya Police to challenge bail granted to Sonam
Shillong:) Meghalaya Police will challenge the court order granting bail to Sonam Raghuvanshi, the prime accused in the murder of her husband, Indore-based businessman Raja Raghuvanshi, Director General of...
We support NDA; final call on Trinamool MPs merger still awaited, says NCPI founder
New Delhi: The Nationalist Citizens Party of India (NCPI) founder Shantanu Dey on Monday said his party members will further deliberate and discuss the merger proposal from the Trinamool Congress...
Abhishek Banerjee appears before ED in Bengal school job case
Kolkata: Trinamool Congress’ general secretary and the party’s Lok Sabha member, Abhishek Banerjee, on Monday turned up at the Enforcement Directorate office to face interrogation in the multi-crore cash-for-school-job case...
17-year-old girl among four held for setting Delhi building ablaze
New Delhi: A massive fire which broke out in a multi-storey building in Delhi's Tughlakabad area on June 12, claiming three lives, was a deliberate act to avenge personal enmity,...
UP govt forms SIT to probe allegations of ‘missing donations’ at Ram Mandir
Lucknow: Following the directions of Uttar Pradesh Chief Minister Yogi Adityanath, the state government has constituted a Special Investigation Team (SIT) to probe the alleged irregularities of monetary offerings made...
2 former executives of Reliance Anil Ambani Group arrested by ED
Mumbai: The Enforcement Directorate (ED) has arrested two former executives of the Reliance Anil Ambani Group under the Prevention of Money Laundering Act (PMLA) in Mumbai, according to officials. The...
Six-year-old’s ‘death’ in Bengaluru was murder, police reveal chilling details
Bengaluru: Three months after the mysterious death of six-year-old Vennila in Bengaluru's Kadugodi area, shocking details have emerged during the police investigation, leading to the registration of a murder case...
Gangster Vainket Garg brought to India after extradition from Georgia
New Delhi: Gangster Vainket Garg has been successfully extradited from Georgia to India on Thursday, the Central Bureau of Investigation (CBI) announced. The CBI, in coordination with the Ministry of...
Kerala: Mohanlal’s Drishyam 3 faces vehicle number plate row
Kochi: The makers of Mohanlal’s blockbuster film Drishyam 3 are facing a legal challenge after a vehicle owner from Idukki alleged that his vehicle registration number was used in the...
