The Central Bureau of Investigation (CBI) has recovered incriminating documents, digital devices and other crucial evidences during raids conducted at 10 places belonging to different brokers in connection with the co-location scam involving Chitra Ramkrishna, former MD & CEO of National Stock Exchange ( NSE), and Anand Subramanian, the ex-Group Operating Officer of NSE.
The raids were conducted at Delhi, Kolkata, Mumbai, Gurugram, Gandhinagar and other parts of the country.
“We have recovered a few digital devices, documents and other relevant things. We have recorded the statements of a few brokers. In coming weeks, they may be asked to join the investigation,” said a CBI source.
The source said that the digital devices and documents collected during the raids have been sent for forensic examination.
In April, the CBI had filed chargesheet in the matter.
The agency is probing the matter since May 2018 but it hasn’t found any cncrete evidence to identify the mysterious ‘Himalayan Yogi’ with whom classified information were shared by Ramkrishna.
Recently, the SEBI had imposed a fine of Rs 3 crore on her, following the market regulator’s finding that she shared vital inputs about the NSE with the ‘Yogi’.
“Information regarding organizational structure, dividend scenario, financial results, human resource policies and related issues, response to the regulator etc., were shared by her with the Yogi,” said the source.
Between 2014 and 2016, she sent many emails to firstname.lastname@example.org.
Ramkrishna became the CEO & MD of NSE on April 1, 2013. She brought Subramanian to the NSE as her advisor in the same year.
Subramanian was made the Chief Strategic Advisor of NSE. He served at this post between 2013 and 2015 before being made the Group Operating Officer and Advisor to the MD between 2015 and 2016, despite having no exposure to the capital markets.
Previously working as a mid-level manager in Balmer and Lawrie, he had seen his salary increase from Rs 15 lakh to Rs 1.68 crore annually, and then to Rs 4.21 crore.
Subramanian quit the NSE in October 2016 and Ramkrishna in December 2016.
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