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

NSE Scam: Chitra Ramakrishna did not get relief, CBI court rejected anticipatory bail plea

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new Delhi. The problems of Chitra Ramakrishna, former Managing Director and CEO of National Stock Exchange i.e. NSE, seem to be increasing. In fact, a special CBI court in Delhi on Saturday refused to grant anticipatory bail to Chitra Ramakrishna in the NSE co-location case.

Recently, the CBI had questioned Ramakrishna in this case. The Income Tax Department had earlier raided various premises linked to Chitra Ramakrishna in Mumbai and Chennai. Ramakrishna is also under the scanner of market regulator SEBI.

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Anand Subramaniam is in CBI custody

Recently, a CBI court had sent NSE’s group operating officer and former MD Ramakrishna’s advisor Anand Subramaniam to CBI custody. He was arrested by the CBI from Chennai in the NSE case. The CBI has also questioned former NSE CEO Ravi Narayan in connection with the ongoing probe into the alleged misuse of ‘colocation’ facility by an NSE broker.

Chitra Ramakrishna is a CA by profession

It is worth mentioning that 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 1991.

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NSE Chief was made in the year 2013

Let us inform that Chitra, led by the first CEO of NSE RH Patil, was among the 5 people who were selected to create 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.

Tags: CBI, NSE, SEBI

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