CBI Arrests Anand Subramanian, Former Operating Officer of NSE Over Irregularities in National Stock Exchange

Anand Subramaniam, former Group Operating Officer and advisor to former MD of National Stock Exchange Chitra Ramkrishna, has been arrested by CBI late last night from Chennai in connection with alleged irregularities in National Stock Exchange.

New Delhi: Anand Subramaniam, former Group Operating Officer and advisor to former MD of National Stock Exchange Chitra Ramkrishna, has been arrested by CBI late last night from Chennai in connection with alleged irregularities in National Stock Exchange, Press Trust of India reported citing officials.

Earlier this week, he was questioned for days in Chennai during which he was found evasive in his responses to the sleuths which prompted the Central Bureau of Investigation (CBI) to examine him in custody, the officials said, adding that he will be produced before a court for his transit remand to bring him to Delhi.

“Once the plea is granted, the CBI will bring him to the national capital and produce him before a special court for seeking his custodial remand for questioning in connection with the case at its headquarters”, they stated.

Furthermore, they informed that an audit report allegedly referred to Subramanian as a mysterious Yogi, but it was dismissed by the Securities and Exchange Board of India (Sebi) in its report on February 11.

Chitra Ramkrishna, who succeeded former CEO Ravi Narain in 2013, had appointed Subramanian as her advisor who was later elevated as Group Operating Officer (GOO) at a fat pay cheque of Rs 4.21 crore. Subramanian’s controversial appointment and later elevation besides crucial decisions were guided by an unidentified person who Ramkrishna claimed was a formless mysterious Yogi dwelling in Himalayas, a probe into Ramkrishna’s email exchanges during the Sebi-ordered audit showed.