The application, filed on Friday, claimed that Chitra Ramkrishna was not required for further interrogation and that no purpose will be served by keeping her in custody
Allegations of misconduct may not just delay exchange's much-awaited IPO, but also hurt its growing clout in the global equity market.
The matter relates to former NSE CEO Chitra Ramkrishna and Group Operating Officer Anand Subramanian, who are currently under the custody of the CBI
Ramkrishna was produced before the special court after the expiry of her custodial remand
The probe agency had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by the court
CBI is also looking into the visit of Subramanian and former NSE MD to tax haven Seychelles, which finds mention in the email exchanges between Chitra Ramkrishna and the mysterious Yogi
CBI counsel said that Subramanian, who impersonated as a Himalayan Yogi to influence Ramakrishna, remained evasive during interrogation and was a flight risk and should not be granted bail
The agency reportedly believes that it was not an innocuous leisure trip and that it needs a thorough investigation
Anand Subramanian was arrested by the CBI on February 24 in connection with the co-location scam case
To prevent market abuse, NSE said it has deployed artificial intelligence (AI) tools that identify manipulative practices such as layering and reversal of transactions
The CBI also secured an extension of the custody of former group operating officer of NSE Anand Subramanian till March 9
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The CBI arrested the former NSE MD on Sunday after her anticipatory bail application was dismissed by the court on Saturday in the co-location case
The CBI, which arrested the former MD and Chief Executive Officer (CEO) of National Stock Exchange (NSE) Chitra Ramkrishna on Sunday night, is likely to seek two week custodial remand of her
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She will be presented before a Delhi court on Monday morning
Ramkrishna was arrested in Delhi and was taken for medical checkup
Chitra Ramkrishna was arrested in New Delhi, the source at the Central Bureau of Investigation said
Former NSE CEO Chitra Ramkrishna was questioned by a senior psychologist of CFSL, who said she was "evasive" in her responses related to co-location scam case being probed by the CBI, officials said.
A Delhi court on Saturday denied anticipatory bail to the former chief executive officer of NSE, Chitra Ramkrishna, in the NSE co-location case