Chitra Ramkrishna, former CEO of the National Stock Exchange (NSE), has been arrested by the CBI in connection with an unfair practices case.
The CBI has arrested Chitra Ramkrishna, former Chief Executive Officer (CEO) of the National Stock Exchange. She was taken into custody in New Delhi on Sunday after a court rejected her anticipatory bail plea.
Chitra Ramkrishna served as NSE’s CEO between 2013 and 2016. The 59-year-old has been on the CBI’s radar in connection with a probe involving former NSE employee Anand Subramaniam.
She had been accused of sharing confidential information about the National Stock Exchange via email with a “yogi who lives in the Himalayas”. It is suspected that this “yogi” was actually Anand Subramaniam, who was arrested in connection with the case earlier this month.
The matter came to light after SEBI (Securities and Exchanges Board of India) made public its findings in connection with alleged unfair practices at NSE between 2010 and 2015.
In its order, SEBI said that it came across documentary evidence which demonstrated that Chitra Ramkrishna had shared internal confidential information of NSE with an unknown person by addressing her correspondence to an email ID during the period 2014 to 2016.
An FIR was also filed in connection with the case by the CBI in 2018 in which a stockbroker had been accused of manipulating the NSE’s system.
CBI officials probing the case also alleged that stockbroker Sanjay Gupta had “access to the co-location facility of NSE”. This enabled Gupta’s firm OPG Security Ltd to access market data before anyone else
