CBI court rejects request of home-cooked meals for Chitra Ramakrishna in Tihar jail

Former NSE CEO Chitra Ramkrishna’s request for home-cooked food and other special accommodations was denied by a CBI court, and she was remanded in judicial custody for 14 days. After a Sebi report revealed alleged abuse of power by the then top brass of the NSE, Chitra Ramakrishna was detained by the CBI, which had been investigating the co-location scandal against a Delhi-based stock broker since 2018.

“Every prisoner is the same, she can’t be a VIP prisoner because of what she has been. Rules can’t be changed,” Judge Sanjeev Aggarwal told Chitra Ramakrishna’s counsel as he urged for special facilities inside the jail.

During the interrogation, she was “uncooperative and evasive,” according to CBI. The CBI further informed the court that it is “too early to say whether she is the mastermind or just profited” from the NSE co-location scam because the investigation is still underway.

On February 11, the Securities and Exchange Board of India (Sebi) charged Ramkrishna and others with purported governance failures in Subramanian’s appointment as a chief strategy advisor and subsequent re-designation as group operating officer and MD advisor. The SEBI report also mentions an email communication between Ramakrishna and the “Strange Yogi,” who is thought to be Subramanian, in which Ramkrishna mentions a trip to Seychelles.

Market manipulation is thought to have given select stock brokers an unfair advantage and unjust profit at the expense of others. The CBI is looking into claims that information was leaked from market exchange computer servers to stockbrokers.