Baba’s stock exchange connection: A finance ministry official may be Yogi Baba of former NSE CEO Chitra Ramakrishna

For many years at the behest of a yogi, major decisions of the National Stock Exchange (NSE) were taken. But no one knows about this yogi. CBI is probing the case. Sources say that this alleged yogi is neither related to Himalayas nor is it any Baba. There is a possibility that it was some bureaucrat in the Finance Ministry, who has a big hand in making Chitra Ramakrishna’s career shine.

Former NSE CEO Chitra Ramakrishna has been accused of sharing confidential information with a spiritual guru. On February 11, SEBI had imposed a fine on Ramakrishna. The market regulator had imposed a fine of Rs 3 crore on Chitra for sharing confidential information of the exchange with some unknown person.

In 2013, Chitra became the first woman MD and CEO of NSE. He resigned from the post in 2016.

The matter needs to be properly investigated
According to sources, only if the CBI investigates the matter in depth, then something is likely to open. Otherwise, if its investigation is also like the co-location scam where SEBI left NSE by imposing fine, then Yogi will not be able to reach. The source has to say that many more officials of NSE may also be questioned in this matter.

Inside Story of Yogi’s Stock Exchange Connection: Promotion and decisions were made by asking Yogi, CEO Chitra used to say – he can appear anywhere

Ramkrishna used to talk on mail with Yogi
SEBI has also found out from the conversation on Yogi’s email that this person was aware of everything about the functioning of the NSE and the officials. Anand was an outsider and did not know so many details of NSE. In such a situation, it seems more likely that the alleged Baba was a man associated with the ministry.

Chances of Anand Subramaniam being Baba are slim
According to sources, the chances of Anand Subramaniam, former Group Operating Officer of NSE being Yogi Baba, are very less. Because seeing the way Chitra and Baba used to talk on mail, it seems that this Baba is an influential person. In the mail Chitra and Baba are talking about Subramaniam.

Anand Subramaniam was appointed as the Chief Strategic Officer of NSE on 1 April 2013.

Yogi met Ramakrishna 20 years ago
Who is the yogi of the Himalayas, it is not yet fully known. Found only Baba’s email id rigyajursama@outlook.com. Chitra Ramakrishna told SEBI during interrogation that Yogi is Paramhansa. Live somewhere in the Himalayan range.

The meeting took place twenty years ago during a pilgrimage on the banks of the Ganges. Chitra used to ask that incorporeal Baba through email that which employee has to give how many ratings and who has to be promoted. All the important information of the National Stock Exchange was shared with Baba. Even the agenda of the board meeting was given to Baba. According to Chitra, the yogi could appear anywhere he wanted.

used to take decisions on the advice of invisible yogi
Chitra Ramakrishna used to take decisions on the advice of an invisible yogi of the Himalayas. On the advice of this Baba, he appointed Anand Subramaniam as an advisor to the Group Operating Officer and Managing Director in the exchange. Chitra Ramakrishna was the MD and CEO of NSE from April 2013 to December 2016. During this, she used to take decisions influenced by an unnamed yogi.

Chitra used to call Yogi Shiromani, who according to her is a spiritual force and has been guiding her on personal and professional matters for the last 20 years. According to Chitra, the yogi could appear anywhere he wanted.

Market regulator SEBI started investigation after complaint

Complaint received in 2015
In 2015, a whistleblower had complained about co-location scam to the market regulator SEBI. It was said that there is a lot of rigging going on at the senior management level in NSE. Co-location scams are meant to benefit certain people by giving them space in an exchange’s building close to the server. At the same time Chitra’s name also surfaced. SEBI had also sent a show cause notice to Chitra at that time. SEBI has recently shared the report after completing its investigation.

interrogating many people
After questioning Chitra Ramakrishna in this case, the Central Investigation Agency (CBI) has questioned Ravi Narayan, a former Chief Executive Officer (CEO) of NSE in the co-location case. The CBI has also banned Chitra Ramakrishna, along with former NSE Group Operating Officer Anand Subramaniam and former CEO Ravi Narayan. According to sources, a lookout notice has been issued against all three. That is, these three will no longer be able to leave the country.