New Delhi, Mar 7 : The Court on Monday sent Chitra Ramkrishna, former CEO of National Stock Exchange (NSE) to seven-day Central Bureau of Investigation (CBI) custody in an alleged Co-location case, sources said. The CBI arrested Ramkrishna on Sunday in the Co-location scam case, her anticipatory bail application in this case was dismissed by the Trial Court on Saturday. The alleged NSE Co-location scam took place between 2010 and 2014, in which certain brokers had allegedly gained unfair access to the Co-location facility of NSE, enabling them to access the data feed of NSE a split-second faster than others. A split-second faster access is considered to result in huge gains for any stock trader. CBI registered a case regarding this on May 28, 2018, and is investigating the matter. CM SHK2007
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
