Lagatar24 Desk
New Delhi, Feb 9: In a money laundering case brought against her by the Enforcement Directorate (ED) in connection with the NSE phone-tapping case, the Delhi High Court on Thursday granted bail to former National Stock Exchange (NSE) CEO Chitra Ramkrishna.
On November 15, Justice Jasmeet Singh reserved judgement in the case before granting bail to Ramkrishna.
In this instance, it is claimed that NSE workers’ phones were unlawfully tapped.
The illegal tapping of MTNL phones, according to the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED), violated the Telegraph Act. It was argued that the 4.54 crore that was spent for this purpose counts as criminal proceeds.
Sanjay Pandey, a former head of the Mumbai Police, had already received bail in this case.
Ramkrishna maintained in her bail request that she had no link to brokers and that none of them had been detained as of the investigation.
Ramkrishna’s representative, senior attorney Rebecca John, testified that the claims against the applicant do not fall under the purview of any scheduled offences and as a result, the PMLA’s strictures will not be relevant.
Additionally, she had stated that the petitioner meets the requirements of Section 45(1) of the PMLA’s proviso since she is a woman.
Ramkrishna is also being sued by the CBI and ED for claims that she engaged in financial fraud involving the setting and frequent adjustment of Anand Subramanian’s compensation as a former NSE employee. She is accused of doing this while working closely with a person she identified as a “Siddha Purusha.”
The investigating authorities had argued that Subramanian himself is the ‘Siddha Purusha.’
The Central Bureau of Investigation (CBI) then asserted that the Himalayan Yogi she was in contact with via email was none other than Subramanian. This was the other accusation made against Ramkrishna.
