India
Ex-NSE CEO Chitra Ramakrishna is being investigated
The Income Tax Department conducted searches at the Mumbai apartment of former National Stock Exchange CEO Chitra Ramakrishna on Thursday, in a significant step. The raid came only days after SEBI fined her for revealing confidential NSE financial predictions for the next five years.
From 2013 to 2016, Chitra Ramkrishna was the MD and CEO of NSE. She was fired from the NSE in 2016 for her role in the co-location and algorithmic trading scams, as well as for abusing her position of power.
The searches, according to officials, are being conducted to investigate allegations of tax fraud and financial irregularities levelled against her and others. Raids on her residences in Chennai and other locations were also conducted.
The former director of the National Stock Exchange has been fined Rs 3 crore.
Ramakrishna was fined Rs 3 crore by the Securities and Exchange Board (SEBI) on February 11 for exchanging internal NSE private information with an unknown person. The regulator also discovered anomalies in the appointment of senior official Anand Subramanian, which the NSE and top management were both accountable for.
According to Republic, Anand Subramanian’s offices are also being searched for tax evasion. From April 2013 until October 2016, he served as NSE’s Chief Strategic Advisor before being promoted to Group Operating Officer and advisor to the MD and CEO.
Chitra Ramakrishna revealed sensitive information to the mysterious ‘Yogi.’
Last week, Ramakrishna made headlines when she admitted to sharing sensitive material with a yogi in the Himalayas and seeking his help on important matters.
Apart from that, Ramkrishna discussed with the yogi various internal secret information, including the NSE’s financial and business strategies, dividend scenario, and financial outcomes, and even consulted him on the exchange’s staff performance reviews.
The alleged guru also had a significant impact on the choice of a mid-level employee with no capital market experience as Ramkrishna’s adviser, with inadequate documentation and pay higher than other NSE officials, according to SEBI findings.
The exchange claimed on Wednesday that there have been significant changes at the board and management level at the bourse over the previous few years, just days after markets regulator SEBI issued an order against NSE and its former leaders.
Latest News
Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe
The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.
Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.
An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.
Latest News
Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations
The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.
According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.
The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.
Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.
Latest News
Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election
The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.
Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.
Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.
As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.
-
India3 years ago
As the arrangement with Prashant Kishor falls through Rahul Gandhi has gone overseas again and is uncontactable
-
Fact Check4 years ago
Nidhi Razdan, fake Harvard professorship, and here is the explanation through her blog.
-
Latest News3 years ago
Tata wins Air India with ₹18,000 crore bid
-
Technology3 years ago
BSNL reveals all new 4G plans starting at ₹16
-
Latest News3 years ago
Government has spent ₹9,725 crores on Covid-19 vaccination drive so far
-
Latest News3 years ago
Jharkhand government cuts Petrol price by massive ₹25 a litre but with a catch
-
Navi Mumbai4 years ago
Navi Mumbai civic body raids and tests morning walkers, many found COVID positive
-
Latest News3 years ago
Raj Kundra Gave ₹25 Lakh Bribe to Mumbai Crime Branch to Avoid Arrest