Delhi HC grants bail to Ramkrishna, Subramanian in NSE co-location case

The Delhi High Court on Wednesday granted bail to former NSE boss Chitra Ramkrishna in the co-location scam case but she will not walk out of jail yet because her plea for the relief in the money laundering case related to alleged illegal phone tapping and snooping of some employees of the bourse is still pending.

Justice Sudhir Kumar Jain granted “statutory bail” to Ramkrishna and the National Stock Exchange’s ex-group operating officer Anand Subramanian in the co-location scam case being probed by the CBI. It relates to alleged manipulation of the computers at the country’s largest stock exchange.