Former NSE Group Operating Officer Anand Subramanian, who was arrested by the Central Bureau of Investigation earlier on February 25, was the mysterious Yogi who guided the actions of former CEO Chitra Ramkrishna, CBI sources said. Sources said that Anand was the person who had created the e-mail ID ‘[email protected]’, which Chitra used to transfer NSE's confidential information from [email protected].
The CBI had arrested Anand after expanding its investigation into a co-location scam in the National Stock Exchange following the emergence of “fresh facts” in a Sebi report that referred to a mysterious yogi guiding the actions of Chitra.
Chitra, who succeeded former CEO Ravi Narain in 2013, had appointed Anand as her advisor who was later elevated as Group Operating Officer (GOO) at a fat pay of £421,000. Anand's controversial appointment and later elevation besides crucial decisions were guided by an unidentified person who Anand claimed was a mysterious Yogi dwelling in the Himalayas, a probe into Anand's email exchanges during the Sebi-ordered audit showed.
An audit report allegedly referred to Anand as a mysterious yogi, but it was dismissed by the Securities and Exchange Board of India (Sebi) in its report on February 11, the CBI said. Anand had left the NSE in December 2016. Years later, the SEBI charged Chitra and and others with alleged governance lapses in the appointment of Anand as the chief strategic advisor and his re-designation as group operating officer and advisor to MD.
