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NSE scam: Chitra Ramkrishna approaches Delhi High Court for bail

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National Stock Exchange’s (NSE) former head Chitra Ramkrishna on Wednesday approached the Delhi High Court for bail, following the denial of her plea by the trial court.

However, the bench of Justice Talwant Singh recused himself from hearing her plea.

On May 12, special CBI court Judge Sanjeev Aggarwal dismissed her bail application, considering the gravity of the matter.

Ramkrishna, along with co-accused and former NSE official Anand Subramanian, are currently lodged in Tihar Jail under judicial custody. They have been charge-sheeted under various sections of the IPC.

The co-location scam denotes how some of the brokers, who in the co-location facility offered by the NSE, could place their servers within the stock exchange premises giving them faster access to the markets, had in connivance with insiders abused the algorithm and the facility to make windfall profits.

The CBI has been probing the case since May 2018.

Recently, the SEBI had imposed a fine of Rs 3 crore on Ramkrishna, following the market regulator finding that she allegedly shared vital inputs about the NSE with a mysterious Himalayan yogi, including information on “organisational structure, dividend scenario, financial results, human resource policies and related issues, response to regulator”.

On April 1, 2013, Ramkrishna became the CEO and MD of NSE. She brought Subramanian to the NSE as her advisor. Subramanian was made the Chief Strategic Advisor of NSE. He served at this post between 2013 and 2015 before being made Group Operations Officer and Advisor to the MD between 2015 and 2016, despite having no exposure to the capital market.

Previously working as a mid-level manager in Balmer and Lawrie, he had seen his salary increase from Rs 15 lakh to Rs 1.68 crore annually, and then to Rs 4.21 crore.

Subramanian quit NSE in October 2016 and Ramkrishna left in December 2016. The CBI swung into action in the case in 2018 and has been probing the matter since then.

Crime

Mumbai: Mira Road Police Rescue Two Girls From Bangladeshi Woman Running Prostitution Racket

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Palghar, Maharashtra: The Mira-Bhayandar–Vasai Virar Police rescued two young girls on Monday, December 1, from the custody of a Bangladeshi woman allegedly running a prostitution racket from her rented flat in Mira Road.

Acting on a tip-off, Senior Police Inspector Sheetal Mundhe of the Women Atrocities Prevention Cell & Special Juvenile Protection and Care Unit received information that 39-year-old Sultana Momotaj Saiyyad was operating a sex racket from her residence at Gaurav Woods Phase-1 in Hatkesh, Mira Road (East). According to officials, Sultana sent photographs of girls to prospective clients on WhatsApp and arranged sexual services in exchange for money.

After verifying the information and completing legal formalities, a decoy customer was sent to the location. Police conducted a raid in the presence of panch witnesses. Sultana was detained after she allegedly accepted ₹12,000 as payment for arranging two girls for sex work. Both victims were immediately rescued and placed under protective care at the Rescue Foundation in Kandivali (West), Mumbai.

A second accused, Bhagyashree Lohar, alias Guddi, a resident of Chembur, is currently absconding. Efforts are underway to trace and arrest her.

Based on a complaint filed by Police Constable Ghanshyam Khairnar, the Mira Road Police registered an FIR under Sections 143(3) and 3(5) of the Bharatiya Nyaya Sanhita, 2023, along with Sections 3, 4, and 5 of the Immoral Traffic (Prevention) Act, 1956.

The operation was carried out under the guidance of Commissioner of Police Niket Kaushik, DCP (Crime) Sandeep Doiphode, and ACP (Detection) Madan Ballal. The team included officers from the Women Atrocities Prevention Cell, Special Juvenile Protection Unit, and Cyber Cell.

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Crime

Ulhasnagar Woman Harassed in Divyang Coach Of Mumbai Local Train; 2 Arrested

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Kalyan: In a shocking incident, a 26-year-old woman from Ulhasnagar was allegedly harassed in the Divyang coach of a Mumbai local train on December 2. The incident occurred on Tuesday, December 2, at around 8.15 pm.

In the video shared by, while returning from work in Thane, she boarded the Central Railways Thane-Kalyan train. After the train crossed Dombivali, the woman argued with the accused, identified as Anup Surendra Singh, and Abhilasha Arjun Nayar regarding the Divyang pass. The woman alleged that after she had a heated argument, the two accused caught her hand and even eve-teased her.

When they got down at Ulhasnagar station, all three, along with another eyewitness, had a huge argument at the station. Railway Police soon reached the platform, where several women intervened and confronted the officers about the incident. The police then later moved the accused to the Kalyan Railway Police Station, and based on the woman’s complaint, a case was registered under Section 74 of the Bharatiya Nyaya Sanhita (BNS). Both the accused have been arrested.

Meanwhile, last month, a 25-year-old transgender person was arrested by the Vashi Government Railway Police (GRP) for allegedly molesting a 28-year-old woman aboard a Panvel to CSMT local train on 2 November. The incident occurred around 12.10 pm when the train was nearing Nerul station. The accused, when he boarded the general compartment of the harbour line train, was seeking alms from passengers. When the train crossed Seawoods station, an argument broke out between the accused and a male passenger who refused to give money.

The man, accompanied by a female friend, asked the accused to move ahead, leading to a heated verbal exchange. During the confrontation, the accused allegedly abused the man and touched the woman on her shoulder, which made her uncomfortable. A complaint was filed and the accused was taken into custody by the Vashi GRP.

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Crime

Massive Drug Bust In Nalasopara: Nigerian National Caught With 255 Grams Of Mephedrone Worth ₹51 Lakh

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Nalasopara: The biggest news right now is the recovery of a large quantity of drugs in Nalasopara, which has created a stir in the area.

The incident falls under the jurisdiction of the Tulinj Police Station, in the Prgati Nagar area of Nalasopara East. According to information received, the Crime Branch Unit 2 team got a tip-off that an unknown person was coming to the area to smuggle a large quantity of drugs.

Following this intelligence, the Crime Branch Unit 2 team laid a trap and apprehended the Nigerian individual on the road. During the search, approximately 255 grams of MD (Mephedrone) drugs were seized from him, with a total value estimated at around ₹51 lakh 10 thousand.

The recovery of such a large amount of drugs in broad daylight, just 25 meters away from the Pragati Nagar Beat police chowki (under Tulinj Police Station), has created a sensation and panic in the locality.

Currently, the Crime Branch Unit 3 team has arrested the Nigerian national from the Pragati Nagar area in connection with drug trafficking, carrying out a major operation.

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