The Fall of Former NSE CEO Chitra Ramkrishna: Unfolding a scam

The Fall of Former NSE CEO Chitra Ramkrishna: Unfolding Scam at NSE

Last week, an order from stock market regulator SEBI stated that Ramkrishna shared sensitive information regarding the business of the NSE with an unidentified person.

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This unknown person is reported to be dwelling in Himalaya and giving advices to the ex-CEO on how to run NSE.

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Ramkrishna, 59, is the third woman to head an exchange in the Asia-Pacific region after Sri Lanka's Colombo Stock Exchange and China's Shenzhen Stock Exchange.

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A SEBI panel formed in 2016 started an investigation into corporate misgovernance at the NSE. Ramkrishna has been away from public life since the day she resigned in December 2016.

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The CBI has questioned her and issued lookout circulars against the ex-CEO, her predecessor Ravi Narain and former Group Operating Officer (GOO) Anand Subramanian.

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The regulator found the former NSE Chief guilty of divulging confidential information, financial results and projections, board meeting consultations to her unknown spiritual guru.

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