Chitra Ramakrishna reached the summit from CA again Baba’s entry and career ended

Action!  Income tax raids against the former head of NSE, while in office, there was a lot of arbitrariness

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new Delhi. The problems of Chitra Ramakrishna, former MD and CEO of the stock exchange, seem to be increasing due to irregularities in the National Stock Exchange (NSE). After the raid of the Income Tax Department, now the CBI has started tightening the noose on Chitra. The CBI questioned Chitra on Friday. The probe agency has also issued a look out circular against Ramakrishna and another former CEO Ravi Narayan and COO Anand Subramanian to prevent them from leaving the country.

It is a matter of taking a decision under the influence of Baba.
Ramakrishna’s name came into the limelight when, on February 11, 2022, the country’s market regulator SEBI said that it had appointed Anand Subramanian as the COO and MD of the exchange under the influence of a yogi who roamed the Himalayas. . Sebi had accused Ramakrishna and others of violating norms in the appointment of Subramanian as chief strategic advisor and then his reappointment as group operating officer and advisor to the MD. Sebi had imposed a fine of Rs 3 crore on Ramakrishnan, Rs 2 crore each on NSE and its former MDs and COOs Ravi Narayan and Subramanian and Rs 6 lakh on Chief Regulatory and Grievance Officer VR Narasimhan.

read this also- NSE Scam: East SEBI The chief said – people exposed in the investigation should be thrown out of NSE, Rethink on the powers of management

Chitra Ramakrishna is a CA by profession
Chitra is a Chartered Accountant (CA) by profession. He started his career with IDBI Bank in the year 1985. He also worked in SEBI for some time. She was in the lead role since the inception of NSE in the year 1991.

Also read- NSE Scam: The Himalaya Baba’s ‘discrepancy’ was revealed, the former MD-CEO used to visit the beach together

NSE Chief was made in the year 2013
Chitra, led by RH Patil, the first CEO of NSE, was among the five people selected to build a transparent stock exchange after the ‘Harshad Mehta scam’. After the end of Ravi Narayan’s tenure in 2013, Chitra was made the chief of NSE for 5 years.

Anand Subramaniam’s salary reduced from Rs 15 lakh to Rs 1.38 crore
It is alleged that Chitra made the post of COO in NSE as soon as he took office and Anand Subramaniam was appointed under the influence of Himalaya Baba. Chitra increased Anand Subramaniam’s salary from Rs 15 lakh to Rs 1.38 crore annually. Earlier, Anand’s salary was Rs 15 lakh.

Tags: CBI, CBI Probe, NSE

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