CBI awaiting sanction to prosecute Chitra Ramkrishna
By MYBRANDBOOK
The Central Bureau of Investigations (CBI) is still awaiting the permission from the National Stock Exchange board to prosecute Chitra Ramkrishna, the former MD and CEO of NSE. She was arrested by the CBI in March 2022, nearly four years after an FIR was registered by the agency in the scam related to misuse of NSE’s high-tech trading infrastructure.
Both Chitra Ramkrishna and NSE’s longest serving MD Ravi Narain, who was arrested in September 2022, were granted bail by a Delhi court in the co-location case, one of the reasons that the CBI could not secure permission to prosecute them.
While Ravi Narain is out of jail, Chitra Ramkrishna is lodged in prison in connection with another case involving illegal tapping of NSE employee phones. Ravi Narain also sought bail on medical grounds.
The CBI has to seek permission for persecution from the government authorities only in cases involving public servants like bureaucrats or government employees. It has been said that the exchange has sought legal opinion on the matter. Though the CBI has filed its charge-sheet against Chitra Ramkrishna, it has told the court that it was investigating the case further for various links. As of now, CBI has brought a limited charge of bad governance practice by the former MD and CEO, for appointing Anand Subramanian to a key position at the NSE without required qualifications or experience.
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