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NSE scam: Court denies bail to Chitra Ramkrishna, Anand Subramanian

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 A special CBI court here on Thursday refused to grant bail to former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency in connection with the NSE co-location case.

The special CBI judge of the Rouse Avenue court dismissed their bail applications after hearing the submissions.

Both Ramkrishna and Subramanian, currently lodged in Tihar Jail under judicial custody, 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 Crime: 26-Year-Old Man Arrested For Sexually Assaulting 10-Yr-Old Boy In Lower Parel Railway Yard

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Mumbai: The Churchgate Police have arrested a 26-year-old man under the POCSO Act (Protection of Children from Sexual Offences) for allegedly sexually assaulting a 10-year-old boy in the Lower Parel railway yard area on January 31. The accused is currently in police custody.

According to the Government Railway Police (GRP), the incident occurred on January 31 between 9:30 AM and 11:00 AM. The accused, a native of Madhya Pradesh, is unemployed and lives on footpaths in Mumbai. He has a criminal history, with several cases of theft registered against him at various police stations.

The investigation revealed that the accused lured the boy by promising him Rs.10,000 for watching a bag. He told him that his bag was stuck in the local train. He took the boy from Churchgate on a local train and alighted at Lower Parel. There, he led the boy inside the yard to a parked train and sexually assaulted him before fleeing.

The victim was found crying by the Mumbai Central Railway Police, who then traced his mother. The boy’s family resides on a railway platform. A case was registered and transferred to the Churchgate Railway Police Station.

Using CCTV footage and human intelligence, the police arrested the accused. The Churchgate Railway Police have registered a POCSO case against him. The boy is in the 3rd standard. 

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Crime

Mumbai Police’s Anti-Narcotics Team Attacked By Suspected Drug Traffickers In Navi Mumbai; Several Injured

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Navi Mumbai: In a shocking incident, the anti-narcotics team of the Mumbai Police was attacked by suspected drug traffickers during an operation in the Ulva area of Navi Mumbai last week. The incident occurred when the team conducted a raid in the Ulva locality while tracking suspects linked to a drug trafficking case who were located near Shagun Chowk.

When officers attempted to arrest them, the accused allegedly launched a violent attack on the police team using sharp weapons, including choppers, swords, hockey sticks and a village axe. In the attack, Assistant Police Inspector Kiran Mandhare of RCF Police Station was injured in the attack. Other police personnel, including Firoz Siddiqui, Ahmed Raza Qureshi and Atul Jaisawal, also sustained injuries and are currently undergoing treatment.

Following the attack, the senior police inspector at the Ulva Police station immediately sent a team of police for help. Moreover, a case has also been registered against all eight accused.

The report also stated that the Mumbai Police team did not seek help from the local police station before conducting the raid and had not informed the Navi Mumbai Police in advance about the operation.

Earlier In January 2026, three men were taken into custody for allegedly arguing with and assaulting traffic police personnel during a vehicle-checking drive at a naka bandi in Panvel on New Year’s Eve, leaving a traffic constable injured.

The incident took place around 2.30 am on December 31 at Shivshambho Naka, where traffic police had intensified checks as part of security arrangements for New Year celebrations.

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Crime

Mumbai: Court Relies On Dying Declaration, Acquits Husband And Other Relatives In 2018 Dowry-Linked Murder Case

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Mumbai: The sessions court has convicted two brothers for setting their sister-in-law ablaze while she was sleeping in Shivaji Nagar in March 2018. The two, Tejim Shaikh and Kafil Shaikh, were found guilty based on the victim, Farida Shaikh’s dying declaration and sentenced to life imprisonment.

According to the prosecution, the accused were residing with Farida and her husband Aftab Shaikh in Rafiq Nagar, Shivaji Nagar, due to work-related reasons. It was alleged that Farida was under physical and mental pressure following the death of her three-month-old daughter and was subjected to harassment over an insufficient dowry.

As per the case registered with the Shivaji Nagar police, a quarrel broke out on March 6, 2018, after Farida allegedly refused to allow Aftab to join his brothers. Later that night, around 2am, Farida felt kerosene being poured over her. She stated that Tejim was pouring the kerosene while Kafil stood nearby, and that Kafil then set her on fire with a matchbox.

Aftab later tried to extinguish the flames and rushed her to Rajwadi Hospital. Farida suffered burn injuries over about 92-95% of her body. Her statement was recorded by police during treatment, followed by a formal dying declaration before a Naib Tahsildar. She succumbed to her injuries on March 11, 2018, after which the accused were booked for murder and dowry harassment.

The defence argued that Farida had committed suicide by pouring kerosene on herself and challenged the dying declaration. However, the court rejected the claim and relied on her statement.

The court did not accept allegations of cruelty against the other family members, noting that they were vague and lacked specific details. It also acquitted Aftab, observing that Farida had not accused her husband of any role in the incident and had instead stated that he attempted to save her after she was set on fire.

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