Former NSE MD Chitra Ramakrishna taking decisions at the behest of a never seen 'yogi'

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The word 'unknown person' is mentioned 3 times in the 150 page order of SEBI against NSE.

MUMBAI: The National Stock Exchange (NSE) and its former MD-CEO Chitra Ramakrishna, along with two others, have been fined a total of Rs. A fine of Rs 5 crore has been imposed and other restrictions have been imposed. The most surprising thing in this case is the 'yogi' living in the Himalayas who guided Chitra Ramakrishna, whom he never met face to face.

The word 'Unknown Person' is mentioned six times in SEBI's 150 page order against NSE. Former NSE MD and CEO Chitra Ramakrishna at rigyajursama@outlook.com e-mail address to this stranger as per the SEBI order. Were discussing it. They call this invisible yogi 'Shiromani'.

Sources said that Chitra Ramakrishnan was made MD and CEO of NSE in April 2013 and had the support of a powerful politician from Delhi. However, Ramakrishna was expelled from the NSE in December 2013 for co-location and algo trading scandal and abuse of power in the appointment of Anand Subramaniam.

On January 15, 2016, Anand Subramaniam was offered the post of Chief Strategic Advisor at NSE. At the time he was the last Rs. NSE pays Rs. He had given an annual salary package of Rs 1.5 crore. In March 2016, Ramakrishna was granted a 20 per cent pay hike for Subramaniam and his annual salary package was Rs. 2.01 crore.

In the next five weeks alone, the salary was increased by 15% to Rs. 2.31 crore was made. By the year 2018, Subramaniam's salary has been increased to Rs. 2 crore was reached. He was given a cabin near Chitra Ramakrishna.

All this was done by Chitra Ramakrishna on the instructions of that invisible yogi. SEBI noted in its analysis that Chitra Ramakrishna's association with an 'unknown yogi' appears to be a money-making scheme. According to the forensic audit, only the image / check of Chitra Ramakrishna and Subramaniam was done while the laptop handed over to them was disposed of as e-waste by NSE. His personal emails were also not available for forensic audit.

Convicts were fined a total of Rs 5 crore, NSE was barred from launching new products

SEBI has slapped a fine of Rs 5 crore on National Stock Exchange (NSE), its former CEO Chitra Ramakrishnan and two other officials Ravi Narayan and Anand Subramaniam.

In addition, VR Narasimha has been fined Rs 5 lakh. The action has been taken for violating the rules of security contract in the appointment of Anand Subramanian as the Chief Operating Officer and Advisor to the Managing Director of NSE. SEBI has ordered to deposit the amount of fine within 3 days.

Rs 3 crore paid at exit from NSE

After the co-location controversy, Chitra Ramakrishnan resigned from the NSE. 3 crore were paid.


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