India’s federal probe agency, the CBI, has arrested Chitra Ramakrishna, the former National Stock Exchange CEO, in the Himalayan yogi scandal case. A report by news agency PTI said that Ramkrishna was arrested in India’s national capital Delhi before being taken for a medical checkup.
Ramakrishna is accused of committing grave lapses at India’s largest stock market as well as sharing confidential information with an individual, who she sensationally described as a ‘Himalayan yogi.’
Her arrest came just a day after a special court in Delhi rejected her anticipatory bail plea. The CBI on Sunday lodged in lockup at its headquarters.
Last month, it emerged that the so-called ‘Himalayan yogi’ was none other than former NSE group operating officer Anand Subramanian. The CBI arrested Subramanian on 25 February after a SEBI report referred to the mysterious yogi influencing Ramakrishna’s actions as Subramanian.
Ramakrishna had appointed Subramanian as her advisor who was later elevated as group operating officer at an annual salary of Rs 4.21 crore. She had left the NSE in 2016.
The SEBI has imposed a fine of Rs. 3 crore on Ramkrishna, Rs. 2 crore each on the NSE, Subramanian, former NSE MD and CEO Ravi Narain, and Rs 6 lakh on V R Narasimhan, who was the chief regulatory officer and compliance officer.