Mumbai: Sebi accused of conducting stock market under the guidance of faceless Himalayan priest National Stock Exchange Ex CEO Chitra Ramakrishnan The home income tax department is involved in the action check. His home and office in Mumbai are being searched. According to the Income Tax Department, the probe is being conducted in connection with a tax evasion complaint.
Who is this Chitra Ramakrishnan? – Former Executive Officer and Managing Director of the National Stock Exchange from 2013 to 2016. He later resigned, citing personal reasons.
In this condition, during his tenure Chitra Ramakrishnan SEBI has accused him of being involved in various malpractices. In particular, he has appointed Anand Subramaniam, who has no prior experience in the field, as the Chief Strategic Officer and has given him a salary of Rs 4 crore and many other benefits.
SEBI said that Chitra had taken all these decisions on the advice of an unknown Himalayan priest. According to SEBI, Chitra said that the pastor’s name was Chiron Mani and that he had never seen the pastor in person and had contacted him via email.
SEBI said that he had shared with NSE’s business plans, stock market ups and downs forecasts and that he had been paid for this.
SEBI has fined Chitra Ramakrishna Rs 3 crore and former CEO Ravi Narain and Anand Subramaniam Rs 2 crore each for violating the rules. NSE disciplinary officer VR Narasimhan was fined Rs 6 lakh for failing to curb the scam.
Preacher? Anand Subramaniam? – It is said that Anand Subramaniam was familiar with human psychology and was the one who pretended to be a Himalayan preacher and pushed Chitra to his liking.