The Delhi High Court passed a judgement on 9th February, 2023. This was seen in the case of CHITRA RAMKRISHNA v. ASSISTANT DIRECTOR, ENFORCEMENT DIRECTORATE BAIL APPLN. 2919/2022 & CRL.M.(BAIL)1188/2022 and the case was presided over by Mr. Hon’ble Justice Jasmeet Singh
FACTS OF THECASE:
In this case former chief executive officer of national stock exchange (NSE) chitra ramkrishna in a money laundering case registers against her by enforcement Directorate (ED) and CBI in connection with the NSE phone trapping case
The FIR was registered against chitraramkrishna under sections 120B, 409 and 420 of IPC, sections 69B, 72, 72A of Information Technology Act, 2000, sections 20, 21, 24 and 26 of the Indian Telegraph Act, sections 3 and 6 of the Indian Wireless Telegraphy Act and sections 13(2) and 13(1)(d) of the Prevention of Corruption Act, 1988. Thereafter, the Enforcement Directorate (ED) registered an ECIR on the allegations of scheduled offences. The agency had alleged that the revenue of Rs. 4.54 crores generated by ISEC for providing the services constituted “proceeds of crime‟.
In this case Chitra Ramakrishna was denied bail by Rouse Avenue Courts in the ED case in August last year and after that the Delhi HC granted bail to Ramkrishna after having reserved orders in the matter on November 15.and In her bail plea, she had argued that they don’t have any connection with brokers, and as per the investigation none of brokers had been arrested.
The court said that :
“In the present case there is no allegation that the Applicant has derived or obtained any property or proceeds of crime. Additionally, there is no allegation or evidence produced before me to suggest that the Applicant has concealed, possessed, used, projected or claimed any proceeds of crime as untainted property.”
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Judgement reviewed by Drishti verma