Delhi HC rejects CBI plea against bail to ex-NSE chief Chitra Ramkrishna in phone tapping case
The Delhi High Court has dismissed the CBI's appeal against the bail granted to former NSE chief Chitra Ramkrishna. The case involves allegations of illegal phone tapping of NSE employees in conspiracy with iSec Private Limited.
Why it matters
This is a significant legal development in a high-profile corporate governance and financial crime case in India.
The Delhi High Court on Wednesday dismissed the CBI’s challenge to the bail granted to former NSE managing director and CEO Chitra Ramkrishna in a case related to alleged illegal phone tapping of NSE employees.
Justice Madhu Jain rejected the agency’s plea against the trial court’s December 22, 2022 order granting bail to Ms Ramkrishna.
The CBI, in its FIR, has alleged that senior NSE officials, including Ms. Ramkrishna, conspired with iSec Private Limited to cheat the stock exchange and its employees. The agency has alleged that, as part of the conspiracy, iSec was engaged to illegally intercept the phone calls of NSE employees.
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