News Karnataka
Tuesday, August 16 2022
Markets

NSE fraud: CBI gets 7 days custody of Chitra Ramkrishna

Photo Credit : IANS

New Delhi: A Special CBI Court on Monday sent Chitra Ramkrishna, the ex MD and CEO of the National Stock Exchange (NSE), arrested by the Central Bureau of Investigation (CBI), to seven days custody.

Ramkrishna was placed under arrest by the federal probe agency on Sunday night. She was produced before the Delhi’s Rouse Avenue Court. The CBI told the court that it wanted her custodial remand. The court after hearing their argument remanded her to seven days CBI custody.

Now CBI will confront her with evidences collected by them.

Earlier, Anand Subramanian, the ex Group Operating Officer of the NSE, was arrested by the CBI on February 24. The CBI has got his custody till March 9.

The CBI will also confront Ramkrishna with Subramanian.

The federal probe agency is probing the matter since May 2018 but they haven’t found any concrete evidence to identify mysterious Himalaya Yogi with whom the classified information was shared by Ramkrishna.

Recently, the SEBI imposed a fine of Rs 3 crore on her, after the market regulator found that she allegedly shared vital inputs about the NSE with the yogi. “Information regarding organisational structure, dividend scenario, financial results, human resource policies and related issues, response to regulator, etc, were shared by her with the yogi,” said the source. Between 2014 and 2016 she sent emails at [email protected]

On April 1, 2013, Ramkrishna became the CEO and MD of the NSE. She brought Subramanian to the NSE as her advisor in 2013.

Subramanian was made the Chief Strategic Advisor of the NSE. He served at this post between 2013 and 2015 before being made Group Operations Officer and Advisor to the MD between 2015 and 2016, despite having no exposure to the capital market.

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