The National Stock Exchange (NSE) said that the matter relating to the conduct of its former Managing Director (MD) Chitra Ramakrishna was at least six years old and since then there has been complete overhaul of its board, management and operational structures.
The NSE also said that it was ready to extend full co-operation to markets regulator SEBI “for a satisfactory closure of the matter.”
The ongoing controversy relates to a SEBI order that showed how Ramakrishna, during her tenure as the MD of NSE between April 2013 and December 2016, had shared several of the exchange’s confidential internal documents with an unknown ‘Himalayan Yogi’.
Apparently under instructions from the yogi, Ramakrishna had even appointed, a person named Anand Subramanian as chief strategic adviser at NSE. The yogi had ensured three increments for Subramanian within the first year of his appointment to an annual salary package of about Rs 4 crores. A part of this money was also laundered.
