CBI grills former NSE chief Chitra Ramkrishna

Chitra Ramakrishna will be produced in the CBI court in the national capital on Monday along with then Anand Subramanian. The agency plans to question both of them together and suspects that they introduced the non-existent 'Yogi' to mislead the investigation.

CBI grills former NSE chief Chitra Ramkrishna

New Delhi: After collecting clinching evidence against her alleged role in the market manipulation case, the Central Bureau of Investigation has arrested former National Stock Exchange (NSE) Chief Executive Chitra Ramkrishna.

CBI has found Chitra has shared confidential information with an individual she dubbed a "Himalayan yogi".

Soon after Delhi Court has dismissed her anticipatory bail plea, the CBI has taken her into custody for interrogation.

While dismissing her bail plea, Special Judge Sanjeev Aggarwal also observed that market regulator Securities and Exchange Board of India (SEBI) has been "too kind" to the accused, that she faced serious charges and her sustained custodial interrogation would be required to dig out the truth.

It was alleged that the mysterious "Himalayan yogi" allegedly influenced Ms. Ramkrishna's decisions in the market manipulation case. Later the CBI has found that the unknown Himalayan Yogi is none other than a former officer at NSE Anand Subramanian. The CBI has arrested him last week in Chennai.

His controversial appointment was one of the decisions that Chitra Ramkrishna took under the so-called yogi's influence, SEBI had said in a report.

It has been alleged that Chitra Ramkrishna shared confidential information about the National Stock Exchange via email with a "yogi who lives in the Himalayas".

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.

SEBI report has also disclosed that  NSE and its board were aware of the interactions with the controversial adviser but had chosen to keep the matter under wraps.

The CBI is probing the case regarding the market manipulation of Ms. Ramkrishna and her associates. The CBI had questioned her for four days last month in the case filed in 2018 that involves an unfair advantage in trading to some brokers.