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The CBI is probing the NSE fraud and is trying to find fresh clues to reach the mysterious Himalayan Yogi with whom the classified information was shared
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A special CBI court in Delhi dismissed the anticipatory bail plea of Chitra Ramakrishna, the former CEO-MD of National Stock Exchange (NSE), in connection with a fraud case on Saturday.
Ramakrishna had approached the court seeking relief from her arrest through her counsel.
The prosecution opposed her pleas and the court dismissed it after hearing the arguments of both the defense and prosecution.
On February 24, the CBI arrested Anand Subramanian, the former Group Operating Officer of NSE who was later sent to CBI's custody till March 6.
The CBI is probing the NSE fraud and is trying to find fresh clues to reach the mysterious Himalayan Yogi with whom the classified information was shared. A forensic report of Ernst & Young (E&Y) hinted that Subramanian could indeed be the mysterious Yogi. The SEBI had, on February 11, denied it.
The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to the stockbrokers.
Earlier, the Securities and Exchange Board of India (SEBI) had penalised the National Stock Exchange (NSE) and its former CEOs Chitra Ramakrishna and Ravi Narayan and two other officials for lapses in recruitment at the senior level.
The market regulators observed that the NSE and its top executives violated securities contract norms relating to the appointment of Anand Subramaniam as group operating officer and adviser to the managing director.