New Delhi: So known as “Queen of the Bourses”, Chitra Ramkrishna is now a subject of ridicule in the midst of a scandal that reflects dirty crime in the main exchanges of India, the National Stock Exchange (NSE).
Last week, orders from the stock market regulator and Indian exchange council (SEBI) stated that Ramkrishna shared sensitive information about NSE business with unknown and unknown people, who lived in Himalayas. He claimed he had received advice from this individual – ‘Yogi’ which he thought he had never met – for the past 20 years while making a business decision.
This was attended by the raid on the Department of Income Tax on Thursday in a place associated with him in Chennai and Mumbai based on the “credible information of tax evasion”.
Ramkrishna is the implementing director (MD) and the NSE Chief Executive Officer (CEO) between 2013 and 2016. What is the baffling in the story, and inappropriate the legal expert of securities, is that he is one of the strengths of guidance that designs a framework regulation to establish a sebi The country, but he was guided for several years by ‘Yogi’ which he claimed did not have a form of material and could manifest as soon as possible.
In his defense, Ramkrishna said that senior leaders often seek informal advice from coaches, mentors or other elsions in this industry which are all pure informal. In the same tension, he felt that the guidance of this spiritual power would help him make his role better.
Fall from power
Started his career as a rented accountant with the development of the Bank of India Industry (IDBI) in the 1980s, Ramkrishna made progress to be one of the key people who founded NSE, which was born as an alternative to the Bombay Stock Exchange, now BSE Limited, after Scam Harshad Mehta, and As part of government efforts to ensure transparent trade.
Ramkrishna, 59, is the third woman to take exchange in the Asia-Pacific region after the Colombo Sri Lankan Stock Exchange and Shenzhen China Stock Exchange, and have become part of NSE’s explosive growth from the start.
A carnatic music lover with the desire for Veena, Ramkrishna never invested in stock but was interested in the stock market when he began working to build a legislative framework for Sebi. He has played a role in encouraging the government to invest the corpus lying with the organization of employees of employees in the stock market, which is carried out by the government.
According to the MoneyControl financial news portal, which quoted an insider NSE, Ramkrishna seemed to be a polite person, smiling and simple, but those who knew him well, knew that he could also be astute and a lot of sense. Moreover, he has a deep connection in the national capital. The same in the same person said Ramkrishna would find out whether someone from NSE’s top management visited Delhi’s electric corridor.