The Delhi High Court on Thursday granted bail to former National Stock Exchange CEO Chitra Ramakrishna in a money laundering case related to alleged illegal wiretapping. Chitra Ramkrishna is already out on bail in the CBI case for alleged phone tapping. The detailed order will follow.
Justice Jasmeet Singh said “The application is allowed. The applicant is granted bail,”
The former NSE managing director, who was earlier arrested by the CBI in the alleged NSE co-placement scam, was arrested in this case by the Enforcement Directorate on July 14 last year. Last September, the high court granted her bail in the CBI case.
In this case, the Enforcement Directorate (ED) opposed her bail plea on the grounds that she was the “mastermind” of the conspiracy.
According to the ED, the phone tapping case pertains to the period from 2009 to 2017 when former NSE CEO Ravi Narain, Ramkrishna, Executive Vice President Ravi Varanasi and Director (Space) Mahesh Haldipur and others conspired to defraud the NSE and its employees. and for this purpose commissioned iSEC Services Pvt Ltd for illegal wiretapping of telephone calls of NSE employees on the pretext of conducting periodic cyber vulnerability study of NSE.
Seeking bail, Ramakrishna claimed that no scheduled offense was registered against her and that the charges also did not fall under the strict terms of the Prevention of Money Laundering Act.
Ramkrishna was appointed Joint MD of NSE in 2009 and remained in the post till 31 March 2013. On 1 April 2013, she was promoted as MD and CEO. Her tenure at NSE ended in December 2016.
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