Delhi HC grants statutory bail to Chitra Ramkrishna, Anand Subramanian
Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE.
Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE.
NSE has been fined ₹7 crore, its former MD & CEO Chitra Ramkrishna, former group chief operating officer Anand Subramanian have been asked to pay ₹5 crore each.
Chitra is a Law graduate, she understands that emails could serve as evidence against her. Would she write emails that shared confidential information about NSE if she had direct access to Anand?
Subramanian had been on the agency radar in the 2015 NSE co-location scam case in which some of the traders were allegedly provided preferential access to trade data.
Not just the handling of Chitra Ramakrishna case, its recent reversal of a corporate governance reform paints a dismal picture.
SEBI is expected to take a call on whether Enforcement Directorate also needs to be roped in and a multi-agency probe be launched.