Chitra Ramakrishna was the Chief Executive Officer of the National Stock Exchange. He stepped down in 2016. In this context, the Securities and Exchange Board of India (SEBI) released shocking information that Chitra Ramakrishna had shared with a preacher living in the Himalayas business plans and stock market forecasts.
SEBI told a preacher living in the Himalayas that Chitra Ramakrishna had told him at the inquest that he had received various suggestions. SEBI also said that Chitra Ramakrishna’s move was unimaginable and would shake the very fabric of the stock market. This has caused great consternation across the country.
The CBI has arrested Anand Subramaniam, a former board executive officer of the National Stock Exchange. Anand Subramaniam was appointed Chief Strategic Adviser to the National Stock Exchange in 2013 and later promoted to Group Operating Officer. In 2016 he resigned from the National Stock Exchange.
It is noteworthy that Anand Subramaniam has been arrested after SEBI claimed that Chitra Ramakrishna had appointed Anand Subramaniam as the chief strategic adviser to the National Stock Exchange on the advice of the Himalayan preacher and had given him a pay rise. It is noteworthy that the CBI had been investigating Anand Subramaniam for the past few days before his arrest. It is noteworthy that a few days ago, the CBI had conducted an inquiry into the matter with Chitra Ramakrishna.