NSE scam case: Anand Subramanian sent to 14-day judicial custody

A CBI court of Delhi sent Anand Subramanian, former Group Operating Officer and advisor to former MD of National Stock Exchange (NSE) to 14-day judicial custody on Wednesday in the NSE Co-location case, news agency ANI reported.

Earlier on Tuesday, a special court had granted seven-day custodial interrogation of former National Stock Exchange CEO Chitra Ramkrishna to the Central Bureau of Investigation (CBI) in the NSE co-location scandal case on Monday, even as the agency is probing the alleged role of more officials of the bourse as Ramkrishna has sought to shift the blame to lower functionaries at the exchange during her interrogation so far.

The CBI told the court, seeking a 14-day custodial interrogation, that in four rounds of interrogation so far, Ramkrishna has avoided giving any direct replies to the questions posed and has tried to mislead the agency.


Ramkrishna also needs to be confronted with Subramanian to understand the magnitude and scope of the conspiracy, said the CBI counsel.




The CBI said that its probe has revealed that Ramkrishna hired Subramanian as consultant in NSE without “following due procedure” and by coercing the HR Department of the bourse. He was also delegated with substantial power of management akin to the powers granted to the then CEO & MD, it added.

Besides Ramkrishna and Subramanian, the CBI last month questioned NSE officials including former managing director Ravi Narain.