Chitra Ramakrishna, former Chief Executive Officer of the
National Stock Exchange has been sent to a seven-day CBI custody by a special
CBI court on March 7. She was arrested from Delhi by the CBI in connection with
the NSE co-location case.

On March 6, CBI arrested Ramakrishna after her
anticipatory bail plea was dismissed on Saturday. On Monday, the CBI produced
her before Special Judge Sanjeev Aggarwal and sought a 14-day custodial
interrogation in the case.

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The CBI told the court that Chitra refused to answer
questions when confronted with Anand Subramanian. It alleged that the former
NSE CEO was evasive and continuously misguided the Investigation Officer by
giving wrong statements, according to a PTI report.

CBI also said that Chitra claimed she did not recognize
Anand Subramanian, while more than 2,500 emails were exchanged between Chitra
and Anand, which need to be investigated.

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The investigation agency had questioned Ramakrishna for
three days in February and the Income Tax (IT) Department earlier raided
various premises in Mumbai and Chennai.

The special CBI court also extended the custody of former
Group Operating Officer of National Stock Exchange and adviser to Ramakrishna,
Anand Subramanian in the NSE Scam Case till March 9. He was sent to CBI custody
after being arrested by the CBI from Chennai on February 25.

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The case will be next heard on March 14, 2022.

In the forensic audit, Subramanian was allegedly referred
to as the ‘yogi’, with whom Ramkrishna is accused of sharing confidential
information. However, the Securities and Exchange Board of India (SEBI), in its
final report, had rejected the claim.

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The CBI is probing the co-location scam since 2018
against a Delhi-based stockbroker. It swung into action after the SEBI report
that revealed alleged abuse of power by the then top management of the NSE. The
agency expanded its investigation and grilled Ramkrishna, Narain and
Subramanian in connection with the scam.