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Tax evasion: Raid on premises of former NSE MD and CEO Chitra Ramakrishna, came under discussion by order of SEBI

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Tax evasion: Raid on premises of former NSE MD and CEO Chitra Ramakrishna, came under discussion by order of SEBI

Chitra Ramakrishna recently came to attention with a SEBI order. Anand Subramaniam was appointed operating officer and advisor to the managing director by Chitra, at the behest of a Himalayan yogi.

Mumbai-based former National Stock Exchange (NSE) MD and CEO Chitra Ramakrishna’s premises were raided by the Income Tax Department on Thursday. In connection with an investigation of tax evasion by her and others, this action was taken.

Chitra Ramakrishna was recently the subject of a SEBI order. Anand Subramaniam was appointed operating officer of Chitra on the behest of a yogi living in the Himalayas. The raids against Ramakrishna and others were conducted as a result of allegations of tax evasion and financial rigging, according to Income Tax officials.

The raids against Ramakrishna and others were conducted as a result of allegations of tax evasion and financial rigging, according to Income Tax officials. Her term ended in December 2016.

SEBI said Ramakrishna shared certain internal information with Yogi, including NSE’s financial and business plans, dividend outlook and financial results. Even consulted Yogi regarding the performance appraisal of Exchange employees.

Appointment of Anand Subramaniam at Yogi’s request

SEBI recently made a shocking disclosure about the National Stock Exchange. ‘Yoga’ was said to be behind the appointment of Anand Subramaniam to the NSE. Subramaniam had no capital markets experience. In addition, his salary and allowance package of 15 lakhs was increased to over 4 crores.

Making decisions at the command of ‘spiritual power’

SEBI’s disclosure of the yogi’s ‘spiritual power’ has piqued everyone’s interest. On the behest of this spiritual power, Chitra Ramakrishna, former MD and CEO of NSE, used to make every decision. This power had never been seen before.

The yogi who lives in the Himalayan hills

According to a SEBI official, Chitra Ramakrishna, former MD and CEO of NSE, took decisions related to NSE on the orders of a yogi who was never even seen. Ramakrishna was influenced by a yogi in the Himalayas.

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