The Central Bureau of Investigation (CBI) has arrested former National Stock Exchange CEO Chitra Ramkrishna in the co-location scam case on Sunday (March 6).
Ramkrishna was arrested in Delhi and later was taken for a medical checkup and she will be lodged in lockup at the CBI headquarters.
In February, the CBI had grilled Ramkrishna for three days as it carried out searches at her residence on 24th and 25th of that month. The CBI, as per reports also availed the services of a senior psychologist of the Central Forensic Science Laboratory who questioned her.
After the psychologist had questioned her, a conclusion was reached wherein it was decided that Chitra Ramkrishna was evasive in responses, therefore the agency had no choice but to arrest her.
A special CBI court had on Saturday rejected her anticipatory bail application and the CBI, which was probing the co-location scam since 2018 against a Delhi-based stockbroker, after a Sebi report showed alleged abuse of power by the then top brass of the NSE, the officials said.
Chitra Ramkrishna was appointed as the Joint Managing Director in 2009 and remained in the position till March 31, 2013, with the power of DMD, and in April 1, 2013, she was elevated as MD and CEO.
According to the CBI, It was during this period that co-location facility was started by NSE that brokers could place their servers within the stock exchange premises giving them faster access to the markets.
The CBI has revealed that Muralidharan Natarajan, the CTO of NSETECH (a subsidiary of NSE), who was responsible for setting up co-location architecture at the NSE, was directly reporting to Ramkrishna.
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