After grilling former MD and CEO of National Stock Exchange (NSE) Chitra Ramkrishna, The Central Bureau of Investigation (CBI) questioned another former chief of NSE Ravi Narain in connection with the co-location case.
Against Chitra Ramkrishna along with former Group Operating Officer Anand Subramaniam and Ravi Narain a lookout circular has been issued. The agency denied that Ravi Narain is in London.
Chitra Ramkrishna was questioned for several hours by federal investigators. She is under investigation for allegedly sharing sensitive information about the exchange with a ‘yogi who lives in the Himalayas.’
The CBI mentioned that the alleged unfair practices occurred between 2010 and 2015.
The SEBI order stated that it has some certain documentary evidence that showed that Ramkrishna had shared internal information including organisational structure, dividend scenario, financial results, human resources policy and related issues, response to regulator, etc of NSE with an ‘unknown person’ through emails in the period from 2014 to 2016.
The case is against a stockbroker who manipulated the system of NSE with the help from then-top officials to get access before anyone else to markets when they opened. Sanjay Gupta (promoter of OPG Security Pvt Ltd), Aman Kokrady, his brother-in-law, and data cruncher and researcher Ajay Shah have been named by CBI as accused in the case, along with unknown officials of the NSE and SEBI.
