Troubles Mount For Chitra Ramkrishna As CBI Issues Lookout Circular

Mumbai: Troubles keep mounting for former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna.

After the Securities and Exchange Board of India (Sebi) and Income Tax department, Chitra was on Friday quizzed by Central Bureau of Investigation (CBI), which issued a lookout circular (LOC) against her, former CEO Ravi Narain and ex-COO and advisor to MD Anand Subramanian.

An LOC is issued to make sure those wanted by legal agencies don’t leave the country.

A day earlier, Chitra’s premises were raided by IT department officials as part of a tax evasion investigation.

Sebi recently imposed a fine of Rs 3 crore on Chitra, alleging that she had shared confidential information about the stock exchange with an unknown person.

She is also facing allegations of irregularities over appointment of Subramanian as NSE’s group operating officer and advisor to the managing director.

The case dates back to last decade, when Chitra was MD and CEO of NSE between 2013 and 2016.

CBI’s investigation pertains to another scam during Chitra’s tenure as CEO chief. The charge against her is that some traders got preferential access to NSE’s co-location facilities and had multiple IP addresses for accessing NSE data.