Chitra Ramkrishna, the former CEO of the National Stock Exchange, has been detained by the CBI. After a court denied her anticipatory bail request, she was arrested in New Delhi on Sunday.
Between 2013 to 2016, Chitra Ramkrishna was the CEO of the NSE. In connection with an inquiry involving former NSE employee Anand Subramaniam, the 59-year-old has been on the CBI’s radar.
She was accused of emailing a “yoga who lives in the Himalayas” classified information concerning the National Stock Exchange. This “yoga” is thought to be Anand Subramaniam, who was detained earlier this month in connection with the case.
SEBI (Securities and Exchange Board of India) made public its conclusions in relation with suspected unfair conduct at the NSE between 2010 and 2015.
SEBI stated in its ruling that it discovered documentary evidence proving that Chitra Ramkrishna communicated internal NSE private information with an unknown person by sending her correspondence to an email address from 2014 to 2016.
In 2018, the CBI filed a FIR in connection with a case in which a stockbroker was accused of tampering with the NSE’s system.
Sanjay Gupta, a stockbroker, allegedly had “access to the NSE’s co-location facility,” according to CBI authorities investigating the case. This gave Gupta’s company, OPG Security Ltd, first access to market data.