NEW DELHI: A Delhi court on Monday sent former managing director (MD) and CEO of National Stock Exchange (NSE) to 14-day judicial custody in connection with the co-location scam.
The Central Bureau of Investigation (CBI) had arrested the accused on March 6 after her anticipatory bail application was dismissed by the court.
Last week, CBI had sought Ramakrishna’s custodial interrogation to unearth the criminal conspiracy and role of other NSE officials and brokers in the company.
It had submitted that the material already collected in the case shows that Ramkrishna in conspiracy with Subramanian had improperly hired him by coercing the HR department of NSE.
Thereafter, she, in conspiracy with Subramanian, influenced the officials of NSE to facilitate him in having access to important decision-making processes of the NSE.
During the same period, M/s OPG Securities was gaining undue advantages in NSE by logging into the secondary server, it had said.
The CBI had further alleged that Ramkrishna, with Subramanian, abused her official position as the MD of NSE and got him appointed as her Chief Strategic Advisor/ Consultant by creating this post of Chief Strategic Advisor to accommodate and appoint him bypassing the prescribed due procedures at NSE.