March 9, 2022
1 min read

‘Who will invest in India with scams like this?’

The judge observed that four years have lapsed after the Central Bureau of Investigation (CBI) began studying the scam and pointed out that the probe agency is not moving fast enough….reports Asian Lite News

 A special CBI court here, hearing the National Stock Exchange (NSE) scam case, took an adverse view of the matter asking “who will invest in India with scams like this?”

CBI Judge Sanjeev Aggarwal of Rouse Avenue Court was hearing the matter in which Anand Subramanian, the ex-Group Operating Officer of the National Stock Exchange (NSE), was sent to 14 dats judicial custody, in connection with the co-location scam case.

The judge observed that four years have lapsed after the Central Bureau of Investigation (CBI) began studying the scam and pointed out that the probe agency is not moving fast enough.

Subramanian was arrested by the CBI on February 24, and the agency secured his custody for questioning. He was produced him before the special court on Wednesday, with the CBI saying he wasn’t required for further questioning and sought he be sent to judicial custody.

The CBI had, on Sunday, also arrested Chitra Ramkrishna, the ex MD and CEO of NSE in connection with the case. She was produced before the court on Monday which remanded her to seven days of police custody.

The federal probe agency is probing the matter since May 2018 but they haven’t found any concrete evidence to identify mysterious Himalayan ‘yogi’ with whom the classified information was shared by Ramkrishna.

ALSO READ: What India can learn from Western sanctions on Russia

Previous Story

Canada eases Covid curbs further

Next Story

Erdogan lauds ‘turning point’ in Israel-Turkey relations

Previous Story

Canada eases Covid curbs further

Next Story

Erdogan lauds ‘turning point’ in Israel-Turkey relations

Latest from Business

Airbus delivers first jet from new China line

Airbus has delivered the first A320neo from its second Tianjin assembly line, expanding production capacity as China’s aviation market continues to grow, reports Asian Lite News Desk Airbus has delivered the first

Hong Kong retains global finance crown in Asia

Hong Kong retains third place in the latest global financial centres index, leading Asia-Pacific while ranking first worldwide in fintech and financial sector development, reports Asian Lite News Desk Hong Kong has

Oracle cuts jobs as AI spending surges

The move follows a substantial reduction in Oracle’s workforce during the company’s latest financial year. Company filings show that its employee count fell by around 21,000, or 13 per cent, during the

India Remittances Surge Over Decade

Digital connectivity has strengthened these links by allowing migrants to share knowledge and expertise remotely while continuing to work and remain economically active overseas…reports Asian Lite News Desk India’s remittance economy has

Apple Bundles TV, Arcade With iCloud+

Apple said the expanded iCloud+ package will roll out in more than 100 countries and regions through the end of September Apple has expanded its technology and subscription ecosystem in India with
Go toTop

Don't Miss

Must stop terror financing, says Jaishankar at SCO meet

Jaishankar is on a July 13-14 visit to Tajikistan to

UP has four Akhilesh Yadavs contesting in fourth phase

The three namesakes of the SP president are now waiting