Tag: CHITRA RAMKRISHNA

NSE Scam: Chitra Ramkrishna Did Not Informed NSE About This Most Important Work

Chitra Ramkrishna, the former CEO of NSE, had given her advisor Anand Subramanian equal powers to an MD to have access to confidential information. Chitra did not informed the NRC and the board about this decision. This information came to light in the ongoing CBI investigation regarding the co-location scam in the National Stock Exchange.

During the hearing of this case in the special CBI court in Delhi, the investigating agency said that on April 1, 2015, Chitra had misused her powers to make Anand an advisor to the Group Operating Officer and MD.

Responding to Subramanian’s bail plea, the CBI said, Anand and Chitra were already known. Anand’s wife Sunita Subramanian had been the head of NSE’s regional office in Chennai in 2011 before Anand was made an advisor to NSE MD in 2015.

Subramanian’s advocate Arshdeep Singh Khurana said, “Anand has nothing to do with it. He has been wrongly implicated in this case. Even in the FIR registered in this case, there is no allegation against Anand.”

Former NSE CEO Chitra Ramkrishna’s Troubles Increased

Former NSE CEO Chitra Ramakrishna’s troubles have increased in the National Stock Exchange (NSE) co-location case. In fact, she was arrested on Sunday and was produced before the special court. From where she has been sent on seven days CBI remand. Along with this, a Delhi court has extended the CBI custody of former NSE Group Operating Officer Anand Subramaniam till March 9. He was arrested in this case on February 25.

It is worth noting that the Central Bureau of Investigation (CBI) had produced Chitra Ramakrishna, former Chief Executive Officer of the National Stock Exchange (NSE), before the court and sought her 14-day custody in the NSE co-location case. Had it. Following the arrest, officials had said that the CBI interrogated Ramakrishna for three consecutive days and conducted searches at her residence, following which she was arrested. Officials said she was not responding properly.

There are serious allegations against Chitra Ramakrishna who was the MD and CEO of NSE from April 2013 to December 2016. Significantly, Chitra is accused of operating the National Stock Exchange and sharing sensitive information at the behest of Himalayan Yogi. In this connection, the CBI had recently arrested former Group Operating Officer (GOO) of NSE Anand Subramaniam from his residence in Chennai and claimed that he is a Himalayan Yogi. Anand Subramaniam is accused of interfering in the functioning of NSE. Along with this, he used to give advice to Chitra Ramakrishna, former CEO of NSE and she used to act on his behest. 

No Relief To Former NSE CEO Chitra Ramkrishna, Court Rejects Anticipatory Bail Plea

The special CBI court has dealt a big blow to former Managing Director (MD) and Chief Executive Officer (CEO) of NSE; Chitra Ramakrishna.

On Saturday, the court rejected anticipatory bail plea. Significantly, Chitra is accused of operating the National Stock Exchange and sharing sensitive information at the behest of Himalayan Yogi.   Let us tell you that in this case, the Central Bureau of Investigation (CBI) had arrested former Group Operating Officer (GOO) of NSE Anand Subramaniam from his residence in Chennai and claimed that he is a Himalayan Yogi. Anand Subramaniam is accused of interfering in the functioning of NSE. Along with this, he used to give advice to Chitra Ramakrishna, former CEO of NSE and she used to act on his behest. 

Chitra Ramkrishna in Trouble, Who Was Running NSE On The Behest Of Unknown Baba

The Income Tax Department raided the house of Chitra Ramkrishna, former MD and CEO of NSE. She is accused of leaking exchange information to an unknown person. Last week, SEBI had accused Ramkrishna for leaking exchange information. SEBI has also imposed a penalty of Rs 3 crore on her.

House raided for the second time

Let us tell you that the Income Tax Department’s strictness on Chitra Ramkrishna is increasing. The Investigation Wing of IT has raided her locations in Mumbai. The special thing is that for the second time, IT was raided at her house. In this case, raids were also conducted at some places in Chennai. Chitra is accused of leaking information to an unknown person. Chitra had told SEBI that she had given information to an unknown yogi.

The scope of investigation may increase

SEBI found that there are serious flaws in the way of working and ethical conduct of Ramakrishna, after which this action was taken. Apart from SEBI, CBI, Income Tax Department and Enforcement Directorate are also investigating the matter separately. SEBI has also taken action against former NSE COO Anand Subramaniam. A penalty of 3 crores has been imposed on him. At the same time, Chitra Ramkrishna has also been fined 3 crores while Ravi Narayan fined with a penalty of 2 crores. The scope of investigation of the Income Tax Department may increase. ED (Enforcement Directorate) can also be involved in this.