CBI Arrests Former NSE CEO Chitra Ramakrishna

CBI arrests former NSE CEO Chitra Ramakrishna in a co-location scam case.

The CBI on Sunday arrested Chitra Ramakrishna, former CEO of the National Stock Exchange (NSE), in connection with the co-location scam.

At present, she is kept at the headquarters of the investigating agency. The CBI has taken this step after three days of interrogation and search of his residence.

During interrogation, the investigating agency also engaged the services of a senior psychologist of the Forensic Science Laboratory.

Earlier on Saturday, the special CBI court had rejected Chitra’s anticipatory bail plea.

CBI arrests former NSE CEO Chitra Ramakrishna: Anand Subramanian was arrested by CBI on February 25.

Actually, the CBI was investigating a stockbroker in Delhi in the co-location scam case. During this, the investigating agency came to know about the involvement of top officials of NSE.

After this, the CBI expanded the scope of the investigation and on February 25, Anand Subramanian, former group operating officer of NSE, was arrested.

During the investigation, it was also revealed that Chitra Ramakrishna would have taken the decisions of NSE at the behest of an alleged ‘guru’.

Subramanian was named as the alleged guru in the forensic audit, but when SEBI released the final investigation report in the matter, it rejected the claim.

Chitra Ramakrishna became the CEO of NSE in 2013, replacing Ravi Narayan.

She initially appointed Subramanian as her advisor, but later promoted him to the post of Group Operations Officer at a salary of Rs 4.21 crore per annum.

When SEBI found these irregularities in the audit report.

The capital markets regulator imposed a fine of Rs 3 crore on Chitra Ramakrishna, Rs 2 crore each on NSE and Subramanian, Rs 6 lakh on Chief Regulatory Officer and Compliance Officer VR Narasimhan.

Chitra Ramakrishna left NSE in the year 2016.

Russia-Ukraine conflict: Rise in Brent crude prices, nears $140.

Brent oil prices rose to around $140 a barrel on Sunday, the highest since 2008, according to the leading news agency.

The Russia-Ukraine conflict is one of the major reasons behind the soaring Brent oil prices. Traders are keeping a close eye on this.

Electronic trading opened around 2300 GMT and shortly thereafter, Brent North Sea crude for delivery in May rose to $139.13.

However, the price came down slightly in the next hour. Let us inform that in 2008, the European benchmark crude had achieved a record price of $147.50 per barrel.