NSE Scam: Anand Subramanian is the ‘Himalayan Yogi’, confirms CBI

The
Central Bureau of Investigation (CBI) on February 25 arrested Anand
Subramanian, former chief operating officer of NSE. He was arrested after three
days of continuous questioning in Chennai. The former NSE executive has been
brought to Delhi where he has been remanded to CBI custody till March 6. This
is the first arrest in the four-year-old case.

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According
to the initial investigation by the CBI into the 2018 National Stock Exchange
(NSE) manipulation case, Subramanian was the mysterious Yogi who guided the
actions of former NSE CEO Chitra Ramkrishna, reported CNBC-TV18 citing CBI
sources.

Sources
said that the e-mail ID ‘rigyajursama@outlook.com’ was created by Subramanian,
which Chitra Ramkrishna used to transfer NSE’s confidential information from rchitra@icloud.com.

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Anand
Subramanian was arrested by the CBI after he was linked to the co-location scam
in the National Stock Exchange following a report by the Securities Exchange
Board of India (SEBI) that pointed to a mysterious yogi guiding Chitra Ramkrishna’s
actions.

The
CBI is the second agency after Ernst & Young (E&Y) that has said
Subramanian was the Himalayan Yogi former NSE CEO Chitra Ramkrishna was sharing
the sensitive market data with.

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According
to the CNBC TV-18 report, Subramanian was not cooperating with the agency, when
asked about his login details he said that he did not remember his login ID and
password anymore.

CBI
has deployed a cyber unit of its forensic team for analysis. Laptops were
destroyed, but the laptop’s IP address and the email’s IP address were
identical. Additionally, CBI found screenshots of emails forwarded by the
unknown id to Subramanian’s own email address.

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The
SEBI in an order released on February 11 had revealed that Ramkrishna was
leaking sensitive information of the exchange including financial data with an
unknown email id belonging to a certain ‘rigyajursama’.

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After
arresting Subramanian, CBI team reached Ramkrishna’s Mumbai residence and once
again questioned her. CBI has summoned NSE officials and they will question
Ravi Narain again. The agency will also record statements of E&Y and
Deloitte officials.