#ChitraRamakrishna #ExNSECEO #HimalayanYogiCase
The Central Bureau of Investigation (CBI) questioned former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE co-location case in Mumbai, sources told ANI on Friday. She was quizzed for over 12 hours over a market manipulation case. According to the sources, a look out circular has been issued against Chitra Ramkrishna. A look out circular has also been issued against Ravi Narain, who was MD and CEO of the NSE before Chitra Ramkrishna. Ravi Narain was the MD and CEO of the National Stock Exchange from April 1994 till March 2013, while Chitra Ramkrishna was MD and CEO of the NSE from April 2013 to December 2016. The former CEO and Managing Director of the National Stock Exchange (NSE), Chitra Ramakrishna is also being investigated for allegedly sharing secret information with a "yoga" in the Himalayas, who also impacted her decisions. According to a Securities and Exchange Board of India (SEBI) report, Ms Ramkrishna disclosed sensitive information with the yogi, including the NSE's financial and commercial goals, dividend scenario, and financial performance. Ms Ramkrishna's reaction to SEBI questioning about her strange reliance on the spiritual guru, as well as her email contacts with a "unknown person," assumed to be him, are included in the report. According to the emails, Ms Ramkrishna met this person "many times in 2015," according to SEBI. From 2013 to 2016, she was the head of the stock market. The email address used by the "unknown person" was rigyajursama@outlook.com. According to Ms Ramkrishna, the email was sent from a "Sidhha Purusha/yogi who may be mostly residing in the Himalayan regions." "I've met him in sacred locations on several times. There are no geographic coordinates provided "She informed the regulator. The Income Tax (IT) Department on Thursday raided various premises linked to Chitra Ramkrishna in Mumbai and Chennai. Ramkrishna has also been on the radar of the market regulator Securities and Exchange Board of India (SEBI). Last week the SEBI penalized Chitra Ramkrishna, her predecessor at the NSE Ravi Narain, two other officials along with the NSE for lapses in hiring at the senior level. The market regulator found that the NSE and its top officials violated securities contract rules related to the appointment of Anand Subramanian as group operating officer and adviser to the Managing Director.
SEBI has slapped a penalty of Rs 3 crore on Chitra Ramkrishna, in a fresh order in the co-location case. The 190-page order also faulted Ramkrishna for running the exchange at the behest of a mysterious yogi. The market regulator SEBI called it "bizarre misconduct" and a "glaring breach" of regulations.
