#Anand Subramanian arrest

[gujjukathiyawadi]

NSE Scam: एनएसई घोटाले में 'हिमालय का योगी' गिरफ्तार! चित्रा रामकृष्ण लेती थी उनसे सलाह

NSE Scam: एनएसई घोटाले में ‘हिमालय का योगी’ गिरफ्तार! चित्रा रामकृष्ण लेती थी उनसे सलाह

हाइलाइट्स NSE घोटाले में आनंद सुब्रमण्यम को सीबीआई ने गिरफ्तार किया एनएसई की पूर्व सीईओ चित्रा रामकृष्ण के चीफ स्ट्रेटजिक ऑफिसर थे संदेह है कि हिमालय का योगी कोई और नहीं बल्कि सुब्रमण्यम ही हैं   नई दिल्ली: सीबीआई ने नैशनल स्टॉक एक्सचेंज (NSE) में कथित अनियमितताओं के मामले में आनंद सुब्रमण्यम को गिरफ्तार कर लिया है। वह एनएसई की पूर्व सीईओ और एमडी चित्रा रामकृष्ण (Chitra Ramkrishna) के चीफ…

[new-haryanvi-ragni]

NSE co-location case: Delhi High court grants bail to Chitra Ramkrishna, Anand Subramanian

NSE co-location case: Delhi High court grants bail to Chitra Ramkrishna, Anand Subramanian

Ramkrishna was the MD and CEO of the NSE from April 2013 to December 2016. The CBI had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by a trial court. source https://zeenews.india.com/markets/nse-co-location-case-delhi-high-court-grants-bail-to-chitra-ramkrishna-anand-subramanian-2515275.html

[trustednewstribune]

NSE scam: Court defers order on bail plea of Chitra Ramkrishna, Subramanian

A special CBI court here on Monday deferred the verdict on the bail applications of former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency

A special CBI court here on Monday deferred the verdict on the bail applications of former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency in connection with the NSE co-location case.

The special CBI judge of the Rouse Avenue court deferred the order for May 12.

Both Ramkrishna and Subramanian, currently lodged in Tihar Jail under judicial custody, have been charge sheeted under various sections of the IPC.

The co-location scam denotes how some of the brokers, who in the co-location facility offered by the NSE, could place their servers within the stock exchange premises giving them faster access to the markets, had in connivance with insiders abused the algorithm and the facility to make windfall profits.

The CBI is probing the matter since May 2018.

Recently, the SEBI had imposed a fine of Rs 3 crore on Ramkrishna, following the market regulator finding that she allegedly shared vital inputs about the NSE with a mysterious Himalayan yogi, including information on “organisational structure, dividend scenario, financial results, human resource policies and related issues, response to regulator”.

On April 1, 2013, Ramkrishna became the CEO and MD of NSE. She brought Subramanian to the NSE as her advisor.

Subramanian was made the Chief Strategic Advisor of NSE. He served at this post between 2013 and 2015 before being made Group Operations Officer and Advisor to the MD between 2015 and 2016, despite having no exposure to the capital market.

Previously working as a mid-level manager in Balmer and Lawrie, he had seen his salary increase from Rs 15 lakh to Rs 1.68 crore annually, and then to Rs 4.21 crore.

Subramanian quit NSE in October 2016 and Ramkrishna in December 2016.

The CBI swung into action in the case in 2018 and has been probing the matter since then.

[technodabhi]

Sebi issues Rs 2-crore recovery notice to former NSE official Anand Subramanian

Sebi issues Rs 2-crore recovery notice to former NSE official Anand Subramanian

Capital markets regulator Sebi on Tuesday sent a notice to former group operating officer of NSE, Anand Subramanian, asking him to pay Rs 2.05 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days. The notice came after Subramanian failed to pay the fine imposed on…

[snbc]

subramanian: Co-location scam: CBI files charge sheet against ex-NSE CEO Chitra Ramkrishna, Anand Subramanian

subramanian: Co-location scam: CBI files charge sheet against ex-NSE CEO Chitra Ramkrishna, Anand Subramanian

NEW DELHI: The CBI has filed its charge sheet against former NSE MD and CEO Chitra Ramkrishna and ex-Group Operating Officer Anand Subramanian in connection with its probe into a co-location scam case, officials said Thursday. Ramkrishna and Subramanian are both in judicial custody following their arrest by the CBI on March 6 and February 25 respectively, they said. In its charge sheet filed in…

[ashok-kumars-world]

Chitra Ramkrishna, the former chief executive officer of the National Stock Exchange of India (NSE), was arrested late on March 6 in the NSE co-location case, CNBC TV18 reported.

Officials confirmed to the news channel that she was arrested from Delhi, a day after a court in the national capital dismissed her anticipatory bail plea.

The Central Bureau of Investigation (CBI), which is probing the co-location case, had argued against her pre-arrest plea, claiming that she was "evasive" and not cooperating with the investigating officials.

The agency conducted Ramkrishna's questioning for three days during which she allegedly did not give proper responses to the investigators, the officials said on March 5.

On February 25, the CBI arrested former NSE group operating officer Anand Subramanian after expanding its probe into a co-location scam in the exchange, following ''fresh facts'' in a SEBI report that referred to a mysterious ''yogi'' guiding the actions of Ramkrishna.

Subramanian was allegedly referred to as the ''yogi'' in the forensic audit, with whom Ramkrishna is accused of sharing confidential information. However, the Securities and Exchange Board of India (SEBI), in its final report, had rejected the claim.

Ramkrishna, who succeeded former NSE CEO Ravi Narain in 2013, had appointed Subramanian as her advisor. He was later elevated as the GOO at a fat pay cheque of Rs 4.21 crore per annum.

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 the Himalayas, a probe into her e-mail exchanges during the SEBI-ordered audit showed.

Ramkrishna had left the NSE in December 2016.

On February 11, the SEBI charged Ramkrishna and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as GOO and advisor to the MD.

SEBI has levied a fine of Rs 3 crore on Ramkrishna, Rs 2 crore each on NSE, Subramanian, former NSE MD and CEO Ravi Narain, and Rs 6 lakh on V R Narasimhan, who was the chief regulatory officer and the compliance officer.

The CBI, which was probing the co-location scam since 2018 against a Delhi-based stock broker, swung into action after the SEBI report that showed alleged abuse of power by the then top brass of the NSE.

The agency expanded its probe and grilled Ramkrishna, Narain and Subramanian in connection with the scam.

The central probe agency booked stock broker Sanjay Gupta, the owner and promoter of Delhi-based OPG Securities Private Limited, in 2018 for allegedly making gains by getting an early access to the stock market trading system, the officials said.

(With PTI inputs)

[freepressjournals]

The Central Bureau of Investigation has arrested former NSE operating officer Anand Subramanian from Chennai in the National Stock Exchange scam.

[livewellnews]

Anand Subramanian, the former Chief Operating Officer of the NSE, was the "yogi" who communicated with Chitra Ramkrishna through email, CBI sources said today.

[tamizha1]

சித்ரா ராமகிருஷ்ணாவின் ஆலோசகர் ஆனந்த் சுப்பிரமணியம் கைது: சிபிஐ நடவடிக்கை | CBI arrests former bourse chief Chitra Ramkrishna's advisor Anand Subramanian

சித்ரா ராமகிருஷ்ணாவின் ஆலோசகர் ஆனந்த் சுப்பிரமணியம் கைது: சிபிஐ நடவடிக்கை | CBI arrests former bourse chief Chitra Ramkrishna’s advisor Anand Subramanian

புதுடெல்லி: தேசியப் பங்குச்சந்தையின் ரகசிய தரவுகளை பகிர்ந்த புகாரில் முன்னாள் தலைவர் சித்ரா ராமகிருஷ்ணாவின் ஆலோசகர் ஆனந்த் சுப்பிரமணியத்தை சிபிஐ அதிகாரிகள் கைதுசெய்தனர். தேசிய பங்குச் சந்தையின் (என்எஸ்இ) முன்னாள் நிர்வாக இயக்குநர் மற்றும் தலைவராக இருந்தவர் சித்ரா ராமகிருஷ்ணா. இவர் கடந்த 2013-ம் ஆண்டு முதல் 2016-ம் ஆண்டு வரை பொறுப்பு வகித்தார். அதன்பின், சொந்த காரணங்களுக்காக பதவியை ராஜினாமா…

[noncyowen]

Anand Subramanian, Former National Stock Exchange group operating officer arrested by CBI in connection with stock market manipulation case

Anand Subramanian, Former National Stock Exchange group operating officer arrested by CBI in connection with stock market manipulation case

Anand Subramanian, Former National Stock Exchange group operating officer has been arrested this morning by CBI in connection with the ongoing probe about the alleged irregularities in the stock market manipulation case. It is reported that earlier this week, CBI has questioned Subramanian about his role at the exchange. He was appointed by the Group Operating Officer of NSE by Chitra…

[snbc]

ramkrishna: NSE ex-CEO Chitra Ramkrishna arrested by CBI

ramkrishna: NSE ex-CEO Chitra Ramkrishna arrested by CBI

NEW DELHI: In a major development in the National Stock Exchange (NSE) fraud case, the Central Bureau of Investigation (CBI) on Sunday night arrested its ex MD and CEO Chitra Ramkrishna. Arrested from her Delhi residence, Ramkrishna will be produced before the Rouse Avenue Court on Monday, and the agency will seek her custody for questioning. Earlier, ex-Group Operating Officer Anand Subramanian…

[snbc]

CBI arrests Anand Subramanian in NSE scam case

CBI arrests Anand Subramanian in NSE scam case

CHENNAI: The CBI arrested former group operating officer (GOO) of NSE Anand Subramanian at his Chennai home in the wee hours of Friday. The arrest comes after three days of questioning by a CBI team from Mumbai in connection with multi—crore irregularities committed by the disgraced former managing director and chief executive officer Chitra Ramakrishna. The team frisked Anand Subramanian to an…

[new-haryanvi-ragni]

CBI arrests Anand Subramanian in connection with alleged irregularities in NSE

CBI arrests Anand Subramanian in connection with alleged irregularities in NSE

The CBI, which is probing the “yogi” fraud at the NSE, had earlier questioned Subramanian, who has appointed to his position despite lack of experience and paid a hefty salary, but found him to be “evasive”. source https://zeenews.india.com/markets/cbi-arrests-anand-subramanian-in-connection-with-alleged-irregularities-in-nse-2439637.html