Ramkrishna, accused of frequently revising the designation and compensation of former NSE employee Anand Subramanian, challenged the order of a special CBI court that denied her bail earlier in May 2022.
The case stems from a February 11 order of the Securities and Exchange Board of India (SEBI) which found that Ramakrishna had allegedly involved in financial misdeeds relating to fixation and frequent revision of compensation of another former NSE employee Anand Subramanian in a disproportionate manner. She is alleged to have done this in cahoots with someone whom she claimed to be a “Siddha Purusha”.
The CBI said that Subramanian while performing public duty to protect the interest of common investors, indulged in criminal conspiracy with other co-accused and caused huge advantage to various trading members/brokers and thus committed a serious economic offence.
The other allegation against Ramkrishna was that she in touch through e-mails with the Himalayan Yogi who the CBI later claimed to be none other than Subramanian.
Ramkrishna was recently granted bail in the money laundering case filed against her by the Enforcement Directorate in relation to the co-location scam.
Source: Barandbench
