NSE co-location case: Court extends remand of Chitra Ramkrishna by 4 days

A special court on Monday extended by four days the remand of Chitra Ramkrishna, former CEO and MD of National Stock Exchange (NSE) in connection with the prevention of money laundering case related to the phone tapping of NSE’s employees between 2009 and 2017.

She was produced before Rouse Avenue Court by the Enforcement Directorate (ED) after the expiry of her custodial remand. The probe agency argued before the court that they wanted to confront her with others and hence needed more time.

After hearing the argument of both the sides, the court extended her custodial remand by four days.

“Money was laundered in phone tapping. The payments made in the phone tapping is alleged proceeds of crime. There are shell companies. We want to know who was handling the entire operation,” said a source.