Co-location case: 14-day judicial custody for NSE ex-MD

One-liner: A Delhi court on Monday sent to 14-day judicial custody former MD and CEO of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the co-location scam case.

To be produced in court on March 28:  A special judge ordered that Ramkrishna be physically produced in court next on March 28.

• The CBI produced the accused in court upon the expiry of her 7-day custody and urged it to remand her to judicial custody

Arrested on March 6: The probe agency had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by the court.

Premises raided: The CBI had recently questioned Ramkrishna in the matter. The Income Tax (I-T) Dept earlier raided various premises linked to Ramkrishna in Mumbai and Chennai.

Irregularities: The arrest was made in the co-location scam, the FIR for which was registered in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange.

• It is alleged some brokers in connivance with insiders abused the algorithm and the co-location facility to make easy profits

Background: Earlier, capital markets regulator Sebi penalized the NSE, Ramkrishna and Ravi Narayan and two other officials for lapses in recruitment at the senior level.

Source: PTI