New Delhi: Chitra Ramkrishna, a former head of the country’s largest stock market which allegedly shared confidential information with the Himalayan Yogi and took his advice on important decisions, sought by the Department of Income Tax today.
Chitra Ramkrishna is the executive director and CEO of the National Stock Exchange (NSE) between 2013 and 2016 and stop quoting “personal reasons”.

He shared information including Bourse Financial Projection, Business Plan and Board Agenda with Spiritual Teachers living in Himalaya, the Securities and Exchange of the Indian Council (SEBI) said in a command.

Market regulators call it “strange violations” and “violations of” regulations “.

“Sharing the NSE financial and business plan … is a striking action, if it is not unimaginable, which can shake the stock foundation,” Sebi said in its order, forcing a penalty in MS Ramkrishna, NSE and the other top executives for irregularities.

The teacher is running an exchange, and MS Ramkrishna “is only a puppet in his hand”, said Sebi.

The decision taken by MS Ramkrishna under the influence of Yogi includes the removal of the middle-level executive without capital market experience, as an advisor and NSE operating officer. MS Ramkrishna was accused of providing an increase in compensation “often, arbitrary and disproportionate to Anand Subramanian without evidence of performance evaluation.

MS Ramkrishna was also accused of sharing internal information including the NSE financial and business plans, dividend scenarios, financial results with Yogi and consulted with him for the assessment of exchange employee performance.

Sebi imposed a 30 million rupee penalty in MS Ramkrishna and forbade it from the Exchange and Intermediary Registered Sebi for three years.

MS Ramkrishna, defended himself, told SBI that sharing information with people who were “in the spiritual realm” did not endanger confidentiality or integrity.

He called Yogi as “Sironmani” and said that he guided him for the past 20 years about personal and professional problems. He also called him “spiritual strength that can manifest himself anywhere desired and does not have physical coordinates or locations and most live in the Himalayan range”.

MS Ramkrishna is among a group of executives who in the early 1990s began NSE as a challenger to BSE Ltd which was more established, then known as the Bombay Stock Exchange. He was appointed as the President Director of NSE in 2009 and was promoted to CEO in 2013.