The Central Bureau of Investigation (CBI) denied Chitra Ramakrishna’s anticipatory bail plea; she was the former supremo of NSE.
The CBI slapped an opposition to her bail plea for her alleged involvement in the NSE co-location case. Anand Subramanian (former) who served NSE as a group operation officer got arrested by the CBI officials from Chennai recently.
CBI has detained Anand Subramanian in their custody till 6th March. Consecutively for 96 hours Anand was questioned by the CBI officials to extract explicit details of the co-location case.
The previous investigation pointed towards Anand to be the mysterious baba ‘Yogi’ or he knew who the real baba ‘Yogi’ was, who had been advising Chitra Ramakrishna about the daily functionality at NSE.
Anand had been appointed as the group operating officer back in the day by Chitra at NSE and he used to advise Chitra on the inner functionality of the NSE although, he lacked capital markets expertise to venture in or advise.
The agency had taken their investigation to the core and probed further into the NSE co-location case filed by them in 2018. Under the CBI scanner, several names got highlighted. These were Sanjay Gupta from OPG Securities PVT LTD, his brother-in-law Aman Kakrody, a data scientist Ajay Shah, unknown yet few officials of NSE and SEBI. CBI claims that these names and the trio (Chitra, Anand, Baba Yogi) have let the illegal transactions continue for years now.
The interesting fact to note; back in 2018 when CBI filed the co-location case in their FIR Chitra was not the prime accused however “Unidentified officials of SEBI and NSE in Mumbai” were mentioned in the FIR of May 2018.
