According to news agency PTI, the Central Bureau of Investigation issued a notice on Friday to former chief executive of the National Stock Exchange, Chitra Ramkrishna, over the alleged breach. This comes a day after the Income Tax Office raided Ramkrishna’s premises as part of a tax evasion investigation. According to the news outlet, a circular was issued against another former CEO, Ravi Narain, and former COO, Anand Subramanian.
“The CBI is interviewing Ramkrishna in Mumbai today and has issued a circular for Ramkrishna, Anand Subramanian and Ravi Narain (former NSE CEO). This is an extension to the 2018 FIR in light of the latest facts exposed under the Sebi order,” An official with direct knowledge of the matter told Mint.
Chitra Ramkrishna is also facing breach charges for appointing Anand Subramanian as group operating officer and adviser to the NSE managing director. Although the case dates back to when Chitra Ramkrishna was executive director and CEO of the National Stock Exchange between 2013 and 2016, she made headlines after Sebi issued a recent executive order saying Ramkrishna was “controlled by yogis.” Subramanian appointment.
However, the CBI’s investigation involved another scam that occurred during Ramkrishna’s tenure. Some traders were allegedly given priority access to the NSE’s custody facility as if they had previously registered, as well as instant access to data feeds in the exchange. It is also claimed that some traders have multiple IP addresses to access exchange data.
Complete News Source : Hindustan Times
