Mobilenews24x7 Bureau
New Delhi, Mar 7 : The Court on Monday sent Chitra Ramkrishna, former CEO of National Stock Exchange (NSE) to seven-day Central Bureau of Investigation (CBI) custody in an alleged Co-location case, sources said. The CBI arrested Ramkrishna on Sunday in the Co-location scam case, her anticipatory bail application in this case was dismissed by the Trial Court on Saturday. The alleged NSE Co-location scam took place between 2010 and 2014, in which certain brokers had allegedly gained unfair access to the Co-location facility of NSE, enabling them to access the data feed of NSE a split-second faster than others. A split-second faster access is considered to result in huge gains for any stock trader. CBI registered a case regarding this on May 28, 2018, and is investigating the matter.
with uni inputs
