ED records statement of NSE ex-MD Chitra in money laundering case

The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi’s Tihar jail, as part of a money laundering investigation against her and others, officials said on Tuesday.

The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has been recorded under the criminal sections of the Prevention of Money Laundering

Act (PMLA), they said.

Ramkrishna is lodged in the Tihar jail after she was arrested by the Central Bureau of Investigation (CBI) on March 6 in the alleged National Stock Exchange (NSE) co-location scam case and investigation linked to other governance irregularities at the bourse. The Enforcement Directorate, a federal probe agency, too is probing this case. The Income Tax Department is the third agency investigating these charges of irregularities at the National Stock Exchange.

The ED’s money laundering probe pertains to alleged irregularities in the NSE co-location case apart from the recent disclosures that came to the fore related to alleged governance lapses in the appointment of Anand Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to the then MD (Ramkrishna). The ED last month conducted raids in this case, including at the premises of the brokers involved in the co-location case.

Chitra is lodged in the Tihar jail after she was arrested by the CBI on March 6 in the alleged National Stock Exchange (NSE) co-location scam