Income tax raids on premises linked to former NSE boss Chitra Ramkrishna

 










Income tax (I-T) sleuths today raided the premises linked to former National Stock Exchange (NSE) Managing Director (MD) and Chief Executive Officer (CEO) Chitra Ramkrishna in Mumbai and Chennai as part of their tax evasion investigation against her and others, officials said.

The action against Ramkrishna, who was the MD and CEO of the NSE from April 2013 to December 2016, came following an order by the Security & Exchange Board of India (SEBI) in which it imposed fine on her and others in a case related to alleged fraudulent key appointment.

In its order, the SEBI said she was steered by a yogi dwelling in the Himalayas in the appointment of Anand Subramanian as the exchange’s group operating officer and adviser to the MD.

Officials said the searches aimed at checking charges of tax evasion and financial irregularities against her and others. The order said Ramkrishna shared certain confidential information, including financial and business plans of the NSE, dividend scenario and financial results, with the yogi and even consulted him over performance appraisal of the exchange’s staff. —



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