Supreme Court rejects appeal against ex-NSE executive’s bail

Supreme Court rejects appeal against ex-NSE executive’s bail
© Reuters.

The Supreme Court dismissed an appeal by the Enforcement Directorate on Friday, against the bail granted to Chitra Ramkrishna, former executive and Joint Managing Director of the National Stock Exchange (NSE) by the Delhi High Court.

Ramkrishna, who is facing charges related to the NSE co-location scam, money laundering, illegal gratification, position abuse and criminal conspiracy, had been arrested by the Central Bureau of Investigation (CBI) after her anticipatory bail application was denied by a trial court. The CBI’s arrest came in response to allegations surrounding her tenure at NSE, which is currently under investigation.

The Enforcement Directorate’s appeal was an attempt to reverse the decision made by the Delhi High Court to grant Ramkrishna bail. However, with the Supreme Court’s dismissal of this appeal, Ramkrishna will continue to be out on bail as the investigation into her time at NSE continues.

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