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NSE scam: CBI court denies bail to Chitra Ramkrishna, Anand Subramanian
Updated On: 12 May, 2022 02:12 PM IST | New Delhi | IANS
The co-location scam denotes how some of the brokers, who in the co-location facility offered by the NSE, could place their servers within the stock exchange premises giving them faster access to the markets, had in connivance with insiders abused the algorithm and the facility to make windfall profits
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A special CBI court refused to grant bail to former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency in connection with the NSE co-location case.
The special CBI judge of the Rouse Avenue court dismissed their bail applications after hearing the submissions.
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