NSE scam: CBI probes Chitra’s Seychelles trip

Chitra Ramkrishna

Chennai: Former NSE CEO Chitra Ramkrishna and group operating officer Anand Subramanian’s trip to Seychelles, which is known as tax haven, has come under the scanner of the CBI.

According to reports, the agency believes that it was not an innocuous leisure trip and that it needed a thorough investigation.

Meanwhile, the CBI told a Delhi court on Friday that Anand Subramanian was the ‘Himalayan Yogi’ who is alleged to have influenced the decisions of Chitra.

On 11 February, Chitra Ramkrishna was fined Rs 3 crore by SEBI for allegedly violating rules in the appointment of Subramanian. According to SEBI, several key decisions taken by Ramkrishna during her tenure as NSE’s MD and CEO from 2013 to 2016, including Subramanian’s appointment, were guided by an unidentified yogi ‘who may be largely dwelling in the Himalayan Ranges’.

The Securities and Exchange Board of India had charged Chitra Ramkrishna and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to MD.