Delhi Court dismisses bail pleas of Chitra Ramakrishna, Arvind Subramanian

Delhi Court dismisses bail pleas of Chitra Ramakrishna, Arvind Subramanian

The Special CBI Judge Sanjeev Aggarwal refused to grant bail to Chitra Ramakrishna and Arvind Subramanian in the matter.

A Special Court of Delhi on Thursday dismissed the bail petitions of Chitra Ramkrishna, former managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) and Anand Subramanian, former Group Operating Officer and Advisor to MD.

The Special CBI Judge Sanjeev Aggarwal refused to grant bail to Chitra Ramakrishna and Arvind Subramanian in the matter. This was the first bail petition of Chitra Ramakrishna and the second bail petition of Arvind Subramanian in the trial Court.

The same court had recently, kept the order reserved and said that arguments were heard at length on bail application under section 439 Code of Criminal Procedure (CrPC) moved on behalf of accused Chitra Ramkrishna and concluded. Further arguments were also heard at length on the second bail application of Arvind Subramanian filed under section 437/439 CrPC moved on behalf of the accused and concluded.

The CBI in March had arrested Chitra Ramkrishna and Anand Subramanian in February in connection with the NSE co-location case.RELATED STORIES

The CBI while opposing the bail petition of Ramkrishna, stated that she is highly influential and may tamper with the documentary/digital evidence and manipulate the witnesses if released on bail. The petitioner was a high-ranking official of NSE during the relevant period. Incriminating evidence has already come to the fore against her. The consequences of granting bail will adversely affect the investigation.

The CBI in its reply also stated that the examination of other witnesses is underway to unearth the conspiracy related to the co-location set-up and the role played by the applicant Chitra Ramkrishna therein. She was looking into the day-to-day affairs and the entire co-location setup that was implemented during her tenure at NSE. There are apprehensions that she may sway the witnesses if enlarged on bail.

News Source: HINDUSTANSTAN TIMES

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