Ex-chairman Anand Subramanian arrested in stock market scam

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The CBI has arrested its former chairman Anand Subramaniam in connection with the National Stock Exchange (NSE) scam.

During her tenure as the CEO of NSE, the National Stock Exchange, Chitra Ramakrishna was accused of leaking important information about the NSE at the behest of a preacher in the Himalayas.

Chitra Ramakrishna was fined Rs 3 crore by the SEBI for allegedly violating stock market rules and appointing top officials. It is alleged that Chitra Ramakrishna, who was the CEO and MD of NSE between 2013-16, shared information about the stock market with the Secret Preacher on all aspects, including dividend and company annual report details.

In this context, it is said that Anand Subramaniam was appointed as the advisor of NSE on the recommendation of the pastor. Alco has been accused of helping brokers during an Alco trading deal while working on the National Stock Exchange. Both Chitra and Anand are said to have been involved in various scams aimed at making money together. The CBI has arrested Anand Subramaniam in connection with the National Stock Exchange scam.

Published by:Ramprasath H.

First published:

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