The income tax department on Thursday conducted searches on Chitra Ramkrishna, the former chief of the National Stock Exchange of India. Officials said the searches are aimed to check charges of tax evasion and financial irregularities against her and others, news agency PTI reported. Ramkrishna was MD and CEO of NSE from April, 2013 to December, 2016.
The searches come as a recent Sebi order has said that Ramkrishna, when she was at the helm of the affairs of the stock exchange, was steered by a Himalayan yogi in the appointment of Anand Subramanian as the exchange’s group operating officer and advisor to the managing director. The Sebi order also said Ramkrishna had shared certain internal confidential information, including financial and business plans of NSE, dividend scenario and financial results, with the yogi and even consulted him over the performance appraisals of the exchange’s employees.
