Former NSE Chief Chitra Ramakrishna Faces Arrest

New Delhi: Former National Stock Exchange (NSE) MD and CEO Chitra Ramkrishna faces arrest in the NSE-Himalayan Yogi case after her anticipatory bail was rejected by a special CBI court on Saturday.

The CBI, probing Chitra’s link with a ‘yogi’ who lives in Himalayas, opposed her bail petition.

The agency earlier arrested former NSE group operating officer Anand Subramanian, who has been remanded to CBI custody till March 6. CBI suspects Subramanian to be the anonymous Himalayan ‘yogi’ who allegedly advised Chitra on important NSE-related matters.

Securities and Exchange Board of India (Sebi) slapped a fine of Rs 3 crore on Chitra on charges of exchanging confidential information with this ‘yogi’.

SEBI charged Chitra and others for lapses in corporate governance in Subramanian’s appointment as chief strategic advisor and re-designation as group operating officer and advisor to MD.

Chitra responded to the charges saying that the unknown person was her ‘spiritual guru’ who had been guiding her for last 20 years. She described the person as ‘Himalayan Yogi’ and ‘siddha purusha’, who did not have physical coordinates and would manifest ‘at will’.