March 9, 2022
1 min read

‘Who will invest in India with scams like this?’

The judge observed that four years have lapsed after the Central Bureau of Investigation (CBI) began studying the scam and pointed out that the probe agency is not moving fast enough….reports Asian Lite News

 A special CBI court here, hearing the National Stock Exchange (NSE) scam case, took an adverse view of the matter asking “who will invest in India with scams like this?”

CBI Judge Sanjeev Aggarwal of Rouse Avenue Court was hearing the matter in which Anand Subramanian, the ex-Group Operating Officer of the National Stock Exchange (NSE), was sent to 14 dats judicial custody, in connection with the co-location scam case.

The judge observed that four years have lapsed after the Central Bureau of Investigation (CBI) began studying the scam and pointed out that the probe agency is not moving fast enough.

Subramanian was arrested by the CBI on February 24, and the agency secured his custody for questioning. He was produced him before the special court on Wednesday, with the CBI saying he wasn’t required for further questioning and sought he be sent to judicial custody.

The CBI had, on Sunday, also arrested Chitra Ramkrishna, the ex MD and CEO of NSE in connection with the case. She was produced before the court on Monday which remanded her to seven days of police custody.

The federal probe agency is probing the matter since May 2018 but they haven’t found any concrete evidence to identify mysterious Himalayan ‘yogi’ with whom the classified information was shared by Ramkrishna.

ALSO READ: What India can learn from Western sanctions on Russia

Previous Story

Canada eases Covid curbs further

Next Story

‘The bluebook: A writer’s journal’

Latest from Business

India Dominates Global Digital Banking List

Indian banks have observed the most notable gains in day-to-day banking (+9.8 pp) and expanding relationships (+3.4 pp)….reports Asian Lite News As many as 9 Indian banks have been recognised as ‘Digital
Go toTop

Don't Miss

The poet who coined ‘Inquilab Zindabad’

In 1904, Hasrat Mohani joined Indian National Congress and joined

Euronaval 2024: India to take part in world’s largest defence exhibition

The event, focusing on innovation, sovereignty and international cooperation, will