New Delhi
 The Central Bureau of Investigation (CBI) on Thursday opposed the bail petition of Anand Subramanian in connection with National Stock Exchange (NSE) co-location case and said economic offences constitute a class apart having deep rooted conspiracies involving huge loss of public funds, affecting the economy of the country as a whole posing serious threat to the financial health of the country. It noted that is required to be visited with a different approach in a matter of bail. CBI in its status report stated that the Petitioner Anand Subramanian is highly influential and is capable of influencing the witnesses. Examination of other witnesses is being carried out to unearth the whole conspiracy related to co-location set up. In case the Petitioner is enlarged on bail, he may contact the important witnesses and destroy the e-mails or digital evidence. Subramanian, former Group Operating Officer and ex-advisor to former MD of NSE Chitra Ramakrishna was the first person who was arrested by CBI in NSE co-location case February this year. The Trial Court had earlier refused to grant bail to Anand Subramanian.
Senior Advocate Vikas Pahwa appeared in Delhi HC for petitioner Anand Subramanian and submitted that the allegations contained in the FIR are concerned, and the applicant has been wrongly implicated in the case, since he is not connected in any manner with the allegations so leveled. The bench of Justice Sudhir Kumar Jain on Thursday deferred the matter for Friday after noting that the bail petition of Chitra Ramakrishna is already pending in the same FIR.
