New Delhi: The Government and Sebi are examining how the former MD & CEO of Chitra National Stock Exchange (NSE) is released without measures or punishment and strange decisions of the largest exchanges in the country to allow the laptop to be destroyed as e -jadi when it contains important evidence, including addresses IP from mysterious teachers who advised the executives were humiliated.
In addition, several appointments on the board and the main NSE official link, with some of the leading government functional during the upa regime, under the lens.
While SBI orders have lived in several problems, the board role and some of the main functionaries have been questioned because they allow Ramakrishna to come out through resignation in December 2016 and the board even in accordance with its appreciation.
Last week’s order pointed to the “big deviation and error” by Ramakrishna in the appointment of Anand Subramanian as the main strategic advisor and the re-appointed as an operating officer and advisor for MD without following the process.
In addition, violating the guidelines of Sebi, the Board drove as far as “the advantages of the relics” for Ramakrishna, quoting “sterling contributions” with NSE growth, without regulatory approval.
He has quoted personal reasons to resign from the main post.
What has raised eyebrows is the failure of the Board to record deviations on behalf of “confidentiality and sensitive information” while submitting a report to Sebi, which comes after a reminder of the regulator.
In fact, the role of NSE in hiding information is also under the lens as a problem brought before the chairman has not been recorded, including those related to the appointment and sharing important information subramanian by him and Ramakrishna with unknown people.
While this problem was not formally discussed at the board meeting on Tuesday, there were several informal conversations around it, said the source to TI.
Given the alleged nature and reputation damage to NSE, a broader probe is called, especially those that cover a longer period.
The source shows that the government can spend a response for the next few days.
The source said that cleaning in NSE has begun and the new management has occurred for a while, but Wahyu pointed to the irregularities that returned to 2013 and even before that with the findings against Ramakrishna related to the probe.
To scam the location permitted by management led by Ravi Narain, its predecessor.
At the same time, the sources indicate that it is not as in the case of Chanda Kochhar, where ICICI Bank asks for several benefits paid to him to be returned, it may be difficult to make the same case as Ramakrishna as a money profit has not been established.
And the command of Sebi dwells in his failure to do his job correctly.