A Special CBI court in Delhi on Saturday dismissed the anticipatory bail plea of Chitra Ramakrishna, the former CEO-MD of National Stock Exchange (NSE), in connection with the NSE co-location case.
Ramakrishna, through her counsel, had approached the court seeking relief from her arrest.
Her plea was opposed by the prosecution. After hearing the argument of defense and the prosecution, the court dismissed the plea.
On February 24, the CBI arrested Anand Subramanian, the ex-Group Operating Officer of NSE. He was later sent to CBI's custody till March 6.
In December 2015, Sebi received a whistleblower complaint alleging governance issues in appointment of Subramanian.