Anand Subramanian Former NSE Executive and Advisor to Chitra Ramkrishna Arrested
The Central Bureau of Investigation (CBI) has arrested Anand Subramanian, a former group operating officer (GOO) of the National Stock Exchange (NSE), in connection with its investigation into a bourse manipulation case that occurred in 2018.
“A team of officials arrested Subramanian on 24th February night in Chennai.” “He will appear today in a competent court,” a CBI official said. The CBI had previously interrogated Subramanian for three days, concluding the interrogation on February 21. It has already called former MD-CEO Chitra Ramkrishna and former CEO Ravi Narain to testify. While Ramkrishna was questioned on 18th February, Narain was questioned on 19th February.
Sebi fined Ramkrishna and a few others two weeks ago for allegedly violating securities contract rules in the appointment of Subramanian as GOO and advisor to the MD. Following the publication of the report, the Income Tax Department conducted searches at the homes of Ramkrishna and Subramanian as part of its investigation into allegations of illegal gains made by passing on internal exchange information to a third party.
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