New Delhi: The Central Bureau of Investigation (CBI) has made a big disclosure in the National Stock Exchange (NSE) fraud case.CBIIts former MD and CEO Chitra was arrested on Sunday night. Ramakrishna:,
Ramakrishna, arrested from his Delhi residence, will be produced before the Rouse Avenue Court on Monday and the agency will seek his custody for questioning.
Earlier, former Group Operations Officer Anand subramaniam He was arrested on the night of 24 February after several rounds of interrogation. He was later sent to CBI custody till March 6.
CBI is trying to verify the evidence gathered by Subramaniam along with his interrogation.
The agency has been investigating the matter since May 2018, but they have not found any concrete evidence to identify the mysterious Himalayan “yogi” with whom Ramakrishna shared confidential information.
SEBI had recently imposed a fine of Rs 3 crore on him after the markets regulator found that he had allegedly shared important information about NSE with “Yogi” between 2014 and 2016.
“Information about the organizational structure, dividend scenario, financial results, human resource policies and related issues, response of the regulator, etc. was shared with Yogi,” an official said.
Ramakrishna became the CEO and MD of NSE on 1 April 2013. She brought Subramaniam in her form Advisor that year.
Subramaniam was made the Chief Strategic Advisor of NSE. He held this position between 2013 and 2015 before becoming Group Operations Officer and Advisor to MD between 2015 and 2016 despite having no exposure to capital markets.
previously working as a mid-level manager at Balmer and lorryHe had seen his annual salary increase from Rs 15 lakh to Rs 1.68 crore and then to Rs 4.21 crore.
Subramaniam left NSE in October 2016 and Ramakrishna left NSE in December 2016.
Ramakrishna, arrested from his Delhi residence, will be produced before the Rouse Avenue Court on Monday and the agency will seek his custody for questioning.
Earlier, former Group Operations Officer Anand subramaniam He was arrested on the night of 24 February after several rounds of interrogation. He was later sent to CBI custody till March 6.
CBI is trying to verify the evidence gathered by Subramaniam along with his interrogation.
The agency has been investigating the matter since May 2018, but they have not found any concrete evidence to identify the mysterious Himalayan “yogi” with whom Ramakrishna shared confidential information.
SEBI had recently imposed a fine of Rs 3 crore on him after the markets regulator found that he had allegedly shared important information about NSE with “Yogi” between 2014 and 2016.
“Information about the organizational structure, dividend scenario, financial results, human resource policies and related issues, response of the regulator, etc. was shared with Yogi,” an official said.
Ramakrishna became the CEO and MD of NSE on 1 April 2013. She brought Subramaniam in her form Advisor that year.
Subramaniam was made the Chief Strategic Advisor of NSE. He held this position between 2013 and 2015 before becoming Group Operations Officer and Advisor to MD between 2015 and 2016 despite having no exposure to capital markets.
previously working as a mid-level manager at Balmer and lorryHe had seen his annual salary increase from Rs 15 lakh to Rs 1.68 crore and then to Rs 4.21 crore.
Subramaniam left NSE in October 2016 and Ramakrishna left NSE in December 2016.