Phone Tapping Case: Delhi HC Grants Bail To Ex-NSE Chairman Chitra Ramkrishna

The Delhi High Court has granted bail to Chitra Ramkrishna on Thursday in Money Laundering Case.

According to the ED in the phone tapping case, it pertains a time period from 2009-2017 when the former CEO of NSE Ramkrishna and Ravi Narain, Executive Vice-President Ravi Varanasi & Head (Premises) Mahesh Haldipur and others conspire to cheat NSE & It’s employees for the purpose. It engaged iSEC Services Pvt Ltd for the illegal interception of employee’s phone calls in the form of periodic studies of NSE’s cyber vulnerabilities.

Ramkrishna had argued after seeking bail that no scheduled offence was made out against her and the allegations didn’t fall within the PMLA.

Ramkrishna was then appointed as the joint MD NSE in 2009 that remained till March 31, 2013 in the position. She got elevated as CEO & MD on April 1, 2013 and her tenure at NSE ended in December 2016.