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.
Why India must step up its global campaign to nail Pak-sponsored terror
Nov 30: The 14th anniversary of the gruesome Mumbai terror attacks has gone by without its perpetrators being brought to justice. Those massacred belonged to many nationalities, including 6 Americans, yet Pakistan has escaped international pressure to try those involved in planning and committing this heinous crime. A Pakistani, Ajmal Kasab, was caught, tried and hanged, providing proof of Pakistani complicity. India was counselled, as usual, to show restraint and not retaliate by the US, the EU and Russia too, because of concerns of a conflict between two nuclear powers.
It is ironical that the nuclear overhang is not a matter of concern today when a proxy war in Ukraine is being openly conducted by the world’s pre-eminent nuclear war, the US, against Russia, a peer nuclear power, seemingly unmindful of it potentially escalating to a nuclear level. Ukraine’s leader has asked for a pre-emptive nuclear strike against Russia, without causing a public storm in the West. There is loose talk in the West about Russia using tactical nuclear weapons in Ukraine as a viable option. The nuclear plant at Zaporizhzhia is being shelled, raising the possibility of nuclear contamination, but Ukraine is being sheltered from any responsibility by the West as not doing so would compel a change in the present narrative that paints Putin as the unqualified villain and Zelensky as the unvarnished hero.
Under the cloak of nuclear-related concerns the West has sought to dissuade India from reacting strongly to Pakistan’s terrorist attacks and give a protective cover to that country as a result of a historical bias in its favour and continuing geopolitical interests there. The West has always pushed for dialogue to resolve all outstanding issues between the two countries. For long, the West, without saying so too openly, has viewed Pakistan’s use of terrorism as a consequence of the unresolved Kashmir issue, implying that it had a cause. This was a way to obfuscate the terrorism issue, give it some “legitimacy” by linking it to the Kashmir issue, on which the West still equivocates.
This is apparent from the statements by German Foreign Minister Baerbok in June and October this year in the company of her Pakistani counterpart to the effect that the UN must ensure human rights in Kashmir and that Germany had a role and responsibility in addressing the Kashmir issue with the involvement of the UN. More recently, the UK Minister of State in the Foreign Office in a debate initiated by a Pakistani origin peer in the House of Lords said that the Kashmir issue should be resolved between India and Pakistan “taking into account the wishes of the Kashmiri people.” This are code words for self-determination, implying that the issue of sovereignty over Kashmir is still open. Aware that Pakistan Occupied Kashmir has been the staging ground for Pakistani terrorism against India, the US ambassador to Pakistan recently visited what he called “Azad Kashmir”.
In the case of the US, its war on terror in our region has been full of contradictions and compromises. After the 9/11 terrorist attacks on its soil the US attacked Afghanistan and ousted the Taliban government. It acknowledged but overlooked the safe havens and support Pakistan gave to the Taliban in its bid to take over power in Afghanistan with the liberal use of the arm of terrorism. Eventually, with Pakistan’s assistance the Americans entered into negotiations with the very Taliban that they had ousted years earlier, unchanged in their Islamist ideology and practices. The US, despite its global combat against Al Qaida, preferred to overlook the fact that Pakistan had sheltered Osama bin Laden for several years. The US had called the Haqqani group as a veritable arm of the ISI and now that group is in charge of the security in Kabul. The decision by the US to grant $450 million to Pakistan to upgrade its F 16s for counter-terrorism purposes – which our External Affairs Minister has dismissed as a valid explanation- indicates the complexity of the challenge India faces from Pakistan’s terrorist affiliations.
The Indian government in power when 26/11 occurred not only shied away from imposing a deserving cost on Pakistan, it resumed the comprehensive dialogue with it after a few months, showing weakness in signaling that it saw no choice but to engage Pakistan. This emboldened Pakistan to conduct more terrorist attacks against India in the following years, which continued till the present government, which initially also explored the possibility of reaching some understanding with Pakistan on abjuring terrorism as a weapon against India, but then conducted surgical strikes inside Pok after the Uri attack and after Pulwama inside Pakistan as a warning that India would henceforth retaliate forcefully against any terrorist attacks.
India has since then pursued a pro-active policy in raising its concerns about terrorism bilaterally with partners and in all multilateral forums, with some gains as the phrase “cross border terrorism” has figured in our joint statements with many countries, and LeT, JeM, HuM and other jihadi organisations have been identified as terrorist organisations. Some have been included in the UN list of terrorists, but some key figures have not been because of China’s obstructionism. China, which never condemned the 2008 Mumbai attacks, protects Pakistan on the issue of terrorism by lauding its combat against it and incurring costs as a result.
Through the Financial Action Task Force (FATF), which sets standards and seeks to promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing etc, Pakistan has been subjected to pressure by its inclusion in the grey list of countries that do not adequately comply with these standards and measures. In its precarious financial situation when it needs IMF financing etc, it has been compelled to satisfy the FATF on several parameters for meriting removal from the grey list. It has jailed Hafiz Saeed and some others for terror financing but not for 26/11, which means that he and others have escaped trial for master minding the Mumbai attacks, a trial that would have revealed the identity of all those in the Pakistan establishment involved in them. Pakistan has thus escaped real accountability.
In October, Pakistan was removed form the grey list. India reminded the global community that it was in its interest that Pakistan continued to take credible, verifiable, irreversible and sustained action against terrorism and terror financing emanating from territories under its control. Pakistan has been on the FATF’s grey list twice before and was removed despite maintaining its terrorist infrastructure. With the radicalisation that has occurred in Pakistan, visible in the street power of the Islamist groups that the political establishment has not been able to handle without compromises, and which is now being mobilised by Imran Khan, it would be a leap of faith to believe that the extremist groups well integrated with the society at large in Pakistan would give up their vocation for jihad and not raise funds for that purpose.
With India still serving its term on it, the UN Security Council held a Special Meeting of its Counter Terrorism Committee in India on October 28/29. India did well to expose the Committee to the 26/11 attacks in a programme in Mumbai, including exchanges with those that lived through that horror. It reminded the Committee members of the need to bring to justice the perpetrators who remain protected and unpunished (a reference to Pakistan), as well as the inability of the UN to act in some cases because of political considerations ( a reference to China). India conveyed a message on issues that still need addressing: terrorism still gets the necessary financial resources to thrive, UN efforts need to be coordinated with the FATF and the Egmont Group, the Security Council sanctions regime should function transparently and effectively on the listing of terrorist groups etc.
India rightly drew attention to the misuse of the emerging technologies by non-state actors and “lone wolf attackers” for terrorism purposes. These have thrown up new challenges for the governments and regulatory bodies. The internet and social media platforms have become potent instruments in the toolkit of terrorist groups along with the use of unmanned aerial systems against strategic infrastructure and commercial assets. In Punjab we have seen Pakistan using drones to drop weapons and drugs across the border. The Delhi Declaration of October 29 expresses these concerns in the context of the need to counter the use of new and emerging technologies for terrorist purposes.
The cause of justice in the case of 26/11 was not served by India itself by resuming our dialogue with Pakistan despite those abominable attacks, the conspiracy theories that sections of our political class in India built around what happened, the equivocation of the West on taking Pakistan to task for its own geopolitical interests and the fact that India itself seemed reconciled to what it suffered by re-engaging Pakistan, and China’s double dealing on terrorism issues in support of Pakistan.
India is doing well, however, to keep drawing the attention of the international community to the threat of terrorism, even as Pakistan seems off the hook on the issue with its changed ties with the US, outreach to it by Russia and support of China, and with the “war on terror” now off the US agenda. India remains vulnerable with Pakistan and a Talibanised Afghanistan next door, not to mention the emergence of the Islamic State elements there. By maintaining the focus on terrorism India is indirectly maintaining pressure on Pakistan to contain its terrorist proclivities.
(Kanwal Sibal is India’s former Foreign Secretary and Ambassador to Russia. Views expressed are personal and exclusive to India Narrative)
Sharmila’s arrest, attack on convoy trigger tension
Attack on YSR Telangana Party (YSRTP) leader Y. S. Sharmila’s convoy allegedly by the supporters of ruling Telangana Rashtra Samithi (TRS) and her subsequent arrest by the police triggered tension during her padyatra in Warangal district on Monday.
Police stopped Sharmila’s padyatra and arrested her and YSRTP leaders and workers accompanying her in Chennaraopeta mandal.
YSRTP cadres tried to resist the arrests and raised slogans against the police and the TRS government. The police used mild force to control the situation.
Sharmila, sister of Andhra Pradesh Chief Minister Y. S. Jagan Mohan Reddy, was arrested after she allegedly made certain objectionable comments about TRS MLA P. Sudershan Reddy.
Sharmila wanted to know from police why were they taking her into custody instead of arresting those who attacked her bus.
YSRTP alleged that the bus which Sharmila is using to rest during her ongoing Praja Prasthanam padayatra was attacked and burnt down by the members of the ruling TRS party.
The mob also damaged cars belonging to YSR Telangana Party leaders. The incident happened near Lingagiri village, under Chennaraopeta mandal in Warangal district.
Sharmila was participating in the padyatra on 223rd day when a group of men chanting pro-TRS slogans and hailing KCR, reached the place where the caravan was halted and torched it.
“For the past 223 days, me and my Party leaders and representatives are holding a peaceful Padayatra to highlight the plight of various sections of people in Telangana. Our rising popularity has jolted Chief Minister KCR and his party men, who want to stop me at any cost,” she said.
Daughter of former chief minister Y. S. Rajasekhara Reddy said that it is highly unfortunate that some police officers are siding with the ruling party and disrupting ‘our efforts to reach the people and raise their issues.’
The Praja Prasthanam padayatra has so far crossed 3,500 kms mark, covering 75 Assembly segments in the State. She has covered 1863 villages under 208 mandals and 61 Municipalities along with 4 Municipal Corporations, so far.
Mother-son arrested in Delhi for chopping & dumping husband’s body
In another bone chilling incident similar to the gruesome killing of Shraddha Walkar, the Crime Branch of Delhi Police has arrested a woman and her son for the killing of her husband, chopping his body into 10 pieces and dumping the remains in a New Ashok Nagar drain and near the Ramlila ground in Pandav Nagar.
According to the police, the murder occurred on May 30 and so far, six body parts have been recovered while a search is underway for the missing remains.
The accused have been identified as Poonam and her son Deepak.
Sources said that after chopping Anjan Das’s body, the duo had stored the body parts in their fridge and started gradually disposing them.
The police said that on June 5, after noticing a foul smell in the Ramlila ground, the police inspected the premises and recovered the human remains.
“During the search in the area for three to four days, the police recovered several body parts including the skull. However, the body was unidentified following which a case under relevant sections of the IPC was registered at the Pandav Nagar police station and an investigation was taken up,” said Ravindra Singh Yadav, the Special Commissioner of Police (Crime).
“Police teams spoke to nearby residents and asked them about if anyone was missing but to no avail. CCTV footages were scanned but nothing concrete could be found. It seemed like a blind and gruesome murder.”
Yadav went on to say that after the police teams conducted door-to-door verification, the body was finally identified.
Poonam was narrowed down as a suspect after it was revealed that her husband was missing for the last 7 to 8 months and no complaint was also filed.
The CCTV cameras in the neighbourhood showed Deepak walking with a bag in his hand late at night. His mother Poonam was seen following him.
They were captured in CCTV cameras several times while disposing off the body remains in plastic bags, said the police.
Both were interrogated and they confessed to the crime.
“On interrogation, it was revealed that the mother and son had hatched a conspiracy to kill the victim in March and then on May 30, after giving him sleeping pills mixed in alcohol, the duo stabbed him to death with a knife and dagger, at several vital parts of the body, including the neck,” said Yadav.
“They then kept the body overnight to drain the blood and on June 1, they chopped the body and started disposing it near the Ramila ground. Body parts were also disposed of at the New Ashok Nagar drain.”
According to the police, Poonam alleged that her husband had illicit relations and was also eyeing Deepak’s wife, adding that he even sold her jewellery.
“Poonam, a native of Bihar was first married to Sukdev Tiwari. However, Sukhdev had come to Delhi. Poonam came looking for him but was not able to locate him. After some time, she married Kalu in Delhi and both had a son, Deepak. After Kalu died due to liver failure, she married Anjan Das in 2017,” said Yadav.
The victim, a resident of Kalyanpuri, used to work as a lift mechanic and had eight children back in Bihar.
Police said that the b dy parts have been sent for DNA profiling and the victim’s family members in Bihar are being contacted to collect DNA samples for examination.
The latest incident comes as the investigation into Walkar’s brutal murder by her live-in partner Aaftab Amin Poonawalla is currently underway.
He murdered Walkar on May following which he chopped her body into 35 pieces and disposed it off across various areas of the national capital.
He was arrested on November 12.
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