Income tax raid on Chitra, who took the decision at the behest of ‘Baba’

Income tax raid on Chitra, who took the decision at the behest of ‘Baba’ New Delhi / Mumbai | The case of Chitra Ramakrishna, former MD and CEO of National Stock Exchange (NSE), taking decisions on the opinion of some unknown Baba is gaining momentum.

On Thursday, the Income Tax Department raided Chitra’s house. Raids were also conducted at the premises of Anand Subramanian, the then Group Operating Officer of NSE. The purpose of the raid is to investigate allegations of theft and financial irregularities. In the interrogation of SEBI, Chitra had told that she used to consult an unknown ‘baba’ of Himalayas in matters related to the stock market. Chitra was the MD & CEO of NSE from April 2013 to December 2016.

What are the allegations against Chitra Ramakrishna?

On February 11, SEBI slapped Rs 3 crore on Chitra. was fined. This action was taken against him for sharing internal confidential information of NSE with some unknown person. Apart from this, Chitra is also accused of irregularity of a senior officer. Chitra Ramakrishna in the appointment of Anand Subramanian. Income tax department is also raiding his house.