The government is contemplating a strict multi-agency scrutiny into the discrepancies while Chief Chitra Ramakrishna held office at the National Stock Exchange (NSE).
The government felt proper scrutiny will be carried out in lieu of the latest issues that surfaced in the Securities and Exchange Board of India (SEBI) last week.
Serious Fraud Investigation Office, Central Bureau of Investigation, or any such powerful agency could join the investigation. Searched are on by the income tax department and they have raided Ms. Chitra Ramakrishna’s residence and Anand Subranians residence.
The last call will be taken once the entire case is discussed with all the stock owners.
It’s quite alarming in the fashion that Ms. Chitra Ramakrishna and Anand Subramanian left office, with a battered laptop that had sensitive evidence, the engagement of the board and other executives, connections to housing royalties during that period stated a government official.
An unidentified individual that goes by the name ‘Yogi’ was pointed out by SEBI who has influenced Anand Subramanian in the daily activities of the exchange.
Ms. Ramakrishna and others have been slapped with charges of governance discrepancies during Anand Subramanian’s position as a Chief Strategic Advisor, his reposting as Group operating officer later adviser to the MD.
SEBI awarded huge sums of fine a total of Rs 3 crores on Chitra Ramakrishna, Rs 2 crores each On Anand Subramanian, former NSE MD and CEO Ravi Narain, and Rs 6 lakhs on V.R. Narasimhan who held the position of the chief regulatory and compliance officer.
The income tax officials clearly stated that there was a brilliant act of cleaning digital files and all digital movements. Everything has been meticulously wiped out.
Meanwhile, after the news broke into public, the Congress party started seeking answers from PM Narendra Modi, Nirmala Sitharaman as to why they haven’t responded yet on the NSE issue.