Discover and read the best of Twitter Threads about #chitraramkrishna

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A Delhi Court remands former NSE head Chitra Ramkrishna to 14 days of judicial custody in the NSE co-location scam case.

#ChitraRamkrishna #NSE Image
CBI: She's stopped cooperating. Evasive replies.

Court: Then why you're saying JC remand now?

#ChitraRamkrishna #NSE #CBI
CBI: She's very much influential.

Court: If she's the mastermind or there's a profit master.

#ChitraRamkrishna #NSE #CBI
Read 7 tweets
#NSE #ChitraRamkrishna
P. Chidambaram’s Regulatory Capture and Control over NSE – The flow of events
Year
Events
1998
Karti Chidambaram actively started trading in the stock market

2004
P Chidambaram (PC) became the Finance Minister

Act of Regulatory Capture by P Chidambaram
2005
M Damodaran became the SEBI Chairman

M Damodaran didn’t agree over P. Notes as proposed by P. Chidambaram and therefore the relations turned sour.

2005
PC made K.P. Krishnan (KPK) as Jt.
Secretary in Capital Markets Division – Department of Economic Affairs (DEA), Ministry of Finance (MoF)

2008
M Damodaran was removed as SEBI Chairman, driven by KPK on behalf of PC

Since then Damodaran is silent as he has been settled by Chidambaram

2008
Read 22 tweets
Chitra Ramakrishna, former MD of NSE barred from associating with any Market Infrastructure Institution for a period of 3 years.

She says she was guided by a "Siddha Purusha / Yogi in Himalayas while making her decisions".

@NSEIndia #SEBI ImageImage
The investigation related to a complaint in 2015-16 where Anand Subramanian was hired as a Group Operating Officer / Advisor to MD at a salary of 1.6 crores. This was a 10 fold jump from Rs. 15 Lakhs which he was drawing in his previous job at Balmer & Lawrie @NSEIndia #SEBI
Anand Subramanian was appointed without any advertisement for the post and interview.

He was on a 4 DAY WORK / WEEK and his compensation jumped to 4 crores in April 2016.

He travelled FIRST CLASS and was in Chennai every WEEKEND.

@NSEIndia #SEBI
Read 6 tweets

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