Delhi High Court grants bail to former NSE MD Chitra Ramkrishna in money laundering case

The Delhi High Court Thursday granted bail to former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna, prima facie holding that reasonable grounds for bail were made out. She was booked in a money laundering probe of the Enforcement Directorate pertaining to the alleged illegal phone tapping of the NSE employees.

A single-judge bench of Justice Jasmeet Singh held, “Prima facie there are reasonable grounds to believe that the Applicant is not guilty of the offence and she is not likely to commit any offence while on bail. I have given an opportunity to the ED to oppose the bail application thereby satisfying the twin conditions enumerated under 45 PMLA.”