New Delhi: A probe conducted by SEBI found that NSE and its board were aware of serious irregularities and malpractices on the appointment of then MD and CEO Chitra Ramakrishna. Anand Subramaniam The exchange’s group chief operating officer and advisor to the MD but did not record it in the minutes of the meeting, citing confidentiality and sensitive information.
SEBI’s 190-page report on Subramaniam’s appointment and re-designation as “Group Chief Operating Officer” in the NSE and Ramakrishna’s sharing of internal confidential stock information with an unidentified person also pointed out lapses on this side. pointed to. The board informed SEBI about the irregularities. Ramakrishna’s tenure in Apex Bazaar was between April 2013 and December 2016. It was only after repeated reminders by SEBI that NSE submitted the report on the irregularities.
“Thus, not notice, 2 (NSE Ltd.) and its Board were aware of the exchange of confidential information by Noticee No. 1 (Chitra Ramakrishna), whose email id was rigyajursama@outlook with an unknown person. Com in its meeting held on November 29, 2016. However, Notice No. 2 (NSE Limited) and its Board had taken a conscious decision not to report the matter to SEBI and to keep the matter confidential. Report of Whole Time Member of SEBI Anant Barua,
The report said that despite the knowledge of the irregularities committed by Ramakrishna in the appointment of Subramaniam and “such bizarre misconduct reflected from his email correspondence with a fake email address”, the board did not take any action against him. allowed to exit. Ramakrishna resigned from 2 December 2016.
SEBI’s 190-page report on Subramaniam’s appointment and re-designation as “Group Chief Operating Officer” in the NSE and Ramakrishna’s sharing of internal confidential stock information with an unidentified person also pointed out lapses on this side. pointed to. The board informed SEBI about the irregularities. Ramakrishna’s tenure in Apex Bazaar was between April 2013 and December 2016. It was only after repeated reminders by SEBI that NSE submitted the report on the irregularities.
“Thus, not notice, 2 (NSE Ltd.) and its Board were aware of the exchange of confidential information by Noticee No. 1 (Chitra Ramakrishna), whose email id was rigyajursama@outlook with an unknown person. Com in its meeting held on November 29, 2016. However, Notice No. 2 (NSE Limited) and its Board had taken a conscious decision not to report the matter to SEBI and to keep the matter confidential. Report of Whole Time Member of SEBI Anant Barua,
The report said that despite the knowledge of the irregularities committed by Ramakrishna in the appointment of Subramaniam and “such bizarre misconduct reflected from his email correspondence with a fake email address”, the board did not take any action against him. allowed to exit. Ramakrishna resigned from 2 December 2016.
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