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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

Rise In Child Sexual Assaults By Teachers In Mumbai Sparks Alarming Questions

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In recent days, incidents of sexual assault on minors or students by teachers in Mumbai have been increasing, which is a serious issue in society. A private tutor in Malad sexually abused a 7-year-old girl. The Dindoshi police have arrested the accused, a 44-year-old teacher from Goregaon who provided private tutoring to young girls at home. The victim, who lived in the same building, had been attending his tutoring sessions since August 2024. The accused lured her into his bedroom under the pretext of showing her games on his mobile and exploited her innocence to sexually abuse her.

After noticing behavioural changes in their daughter, the parents questioned her, and she revealed the horrific abuse. The teacher had been assaulting her for nearly a year, from August 2024 to July 9, 2025. On July 9, a 22-year-old karate instructor, who taught children, was arrested by the Shivaji Park police for sexually abusing a 12-year-old girl. On June 25, a 50-year-old teacher from a reputed coaching class in Bhayander was found to have sexually abused a 17-year-old FY BA student between October and November 2024.

In November 2024, Amit Dubey, 50, a school teacher in Nalasopara’s Santosh Bhuvan area, was accused of raping a 14-year-old student in his private class from October to November 2024. On July 3, 2025, a 40-year-old female teacher from a prestigious Dadar school was arrested for sexually abusing a 16-year-old student over several months, including taking him to a five-star hotel. There are several unreported incidents as well. 

Statement Of Uma Subramanian

Uma Subramanian, Co-founder and Director RATI Foundation & Child’s Rights Activist, stated, “I would not say the incidents are increasing, but they are now coming to light more frequently. The media is reporting them more prominently. People are shocked because these cases involve prestigious schools.”

She added, “Schools often scrutinise peons, drivers, and caretakers for character verification, but fail to check the backgrounds of teachers. This reflects a class and caste bias. When such cases arise, schools often deflect responsibility, claiming the incidents happened outside school premises or that parents are unwilling to file complaints. While every school has a child protection policy, most children and parents remain unaware of it. Schools may conduct awareness sessions but avoid taking legal action, shifting the burden onto parents. few come forward to file cases.”

“Section 19 of the Protection of Children from Sexual Offences (POCSO) Act mandates reporting offences against children. However, many cases go unreported because the legal process is traumatic for victims and their families. Filing an FIR takes 8-10 hours, medical examinations could span over days… frequent police station visits are required, and the judicial process is tiring. As a result, no one wants to go through the process, definitely not the big schools or the elite privileged folks. The law is robust and child-friendly on paper, but most systems are not. Also, the elite in India can get away more easily with anything, isn’t it?,” the activist said.

Psychologist Lisha Chedda’s Statement

Psychologist Lisha Chedda stated, “Usually, in such incidents, the accused follows a certain process called grooming. They spend time with the child, gain their trust, build rapport, and then abuse them. Two things severely impact the child mentally: their trust is broken, and they are left terrified. Often, people don’t believe the child after they disclose abuse, which further violates their trust. Sometimes, gender bias also comes into play—people may think, ‘If the victim is a boy, what could have happened to him?’ This is wrong. Abuse is abuse; it is sexual violence. The child may become traumatised and feel deep shame, which can be internalised.Chedda added, “Everybody has a stress response system: fight, flight, freeze, flop or fawn. These are natural reactions. Studies show that in sexual assault cases, most victims freeze. The child becomes extremely scared and often freezes. First of all, no one immediately believes the child. They keep questioning why the child didn’t scream or run away. The child’s response is not taken seriously.

The kind of response they receive from the adults around them affects their lifelong trauma. If the child receives mental health support, along with parental and school support, the impact on them can be much less severe.”

Advocate Persis Sidhva’s Statement

Advocate Persis Sidhva, stated, “The courts generally take these cases seriously. Parents send their children to school believing it to be a safe place. Schools must have and strictly implement a child protection policy. These policies shouldn’t exist just on paper – they need to be actively enforced. Parents need to be aware of the POCSO Act and that it mandates strict punishments, especially when teachers are the accused, as these cases constitute aggravated offences with harsher punishments.”

“In court, we often see that schools either lack commitment or frequently side with the accused to protect the institution’s reputation. This fear leads them to support the perpetrator, leaving children and their families without proper support. In most cases, schools fail to create an environment where the child and family feel comfortable continuing their education there. This often results in a significant loss for the child-first they suffer abuse, then they’re forced to change schools, while parents must deal with numerous additional challenges, including a legal case.” Advocate Sidhva added.

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Crime

Mumbai Airport Customs Seize 7.318 Kg Of Hydroponic Weed & 99 Bottles Of Codeine Syrup Across 4 Cases

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Mumbai: During the period 15th-20th July, the officers at Airport Commissionerate, Mumbai Customs, Zone-III, made a remarkable seizure of suspected NDPS (hydroponic weed) weighing 7.318 kg and 99 bottles of 100ml each cough syrup containing codeine phosphate across 04 cases. 04 persons were Arrested. 

Highlights of the case: 

(14/15.07.2025) 

Case 1. On the basis of profiling, Customs officers at CSMI Airport , Mumbai Customs, Zone – III intercepted 01 passenger arriving from Bangkok to Mumbai and recovered 610 grams of hydroponic weed. The smuggled goods were concealed inside the trolley bag carried by the passenger. 01 passenger was arrested under the provisions of Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.

(15/16.07.2025) 

Case 2. On the basis of profiling, Customs officers at CSMI Airport, Mumbai Customs Zone -III intercepted 01 passenger arriving from Bangkok to Mumbai and Recovered 5256 grams of hydroponic weed. The smuggled goods were concealed inside the check-in baggage carried by the passenger. 01 passenger was arrested under the provisions of Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.

(16/17.07.2025) 

Case 3. On the basis of Specific Intel, Customs officers at CSMI Airport, Mumbai Customs Zone -III intercepted 01 passenger arriving from Bangkok to Mumbai and Recovered 1452 grams of hydroponic weed. The smuggled goods were concealed inside the trolley bag carried by the passenger. 01 passenger was arrested under the provisions of Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.

(19/20.07.2025) 

Case 4. On the basis of information received, Customs officers at CSMI Airport, Mumbai Customs Zone -III intercepted 01 passenger departing from Mumbai to Riyadh and recovered 99 bottles of cough syrup containing codeine phosphate as its constituent. The smuggled goods were concealed inside the check-in baggage carried by the passenger. 01 passenger was arrested under the provisions of Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.

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Crime

Thane Crime Branch Seizes ₹1.69 Crore Worth MD Powder; Man Arrested While En Route To Mumbra

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The Thane Crime Branch Unit One has arrested a man for allegedly possessing over 1 kilogram of MD powder, valued at ₹1.69 crore, which he intended to sell in Mumbra. The accused has been identified as Mohanlal Joshi alias Sharma, a resident of Kudus village in Wada, Palghar.

According to officials, acting on a tip-off received on July 18, a team was deployed near the Mumbra bypass flyover bridge, where the suspect was expected to arrive. The man was intercepted in his car en route to Mumbra. Upon searching the vehicle, the police discovered and seized 1.209 kilograms of MD powder, with an estimated value of ₹1,69,26,000.

He was taken to the police station, and a case was registered against him under the relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act.

An investigating officer from Thane Crime Branch Unit One said they are currently probing the source of the contraband and its intended recipients. Efforts are also underway to determine how many others may be involved in the case. Further investigation is ongoing.

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