The Central Investigation Bureau (CBI), which captured the former operating officer of the National Stock Exchange (NSE) Anand Subramanian, Thursday, has found that he is suspected of creating an email account that is used by “Himalaya Yogi” which is unknown, with whom then the executive director of Exchange Chitra Ramkrishna with internal documents.

Ms. Ramkrishna has taken several major decisions based on email received from the account, [email protected]. Email exchanges are also marked with other accounts that are said to belong to Mr. Subramanian. Allegations that during a four-day question in Chennai, he did not reveal the real identity of an unknown person.

According to agency, Mr. Subramanian was arrested because he did not work together in an investigation. On Friday, he was produced before the Delhi Special Court who sent it to CBI arrived until March 6 has been made in the 2018 case related to alleged misuse of exchange server architecture to allow access to private companies to data ahead of other brokers.

The CBI has collected relevant documents from the Mumbai Effect office and the Indian stock exchange (SEBI) and also recorded Ms. Ramkrishna and former NSE managing director Ravi Narain a few days ago.

In May 2018, the agency has registered the first information report against Opg Securities, which is a stock broker, and others. Unknown officials from Sebi and NSE are also under the scanner for Connivance.

Illegal preferential access

As a guess, the company has been given illegal preferential access to market data feed from the Exchange server through the algorithmic trading software package called “Chanakya”, in front of another broker. During 2010-12, the company has received access to the NSE server architecture through the “co-location” facility, which allows it to enter first to the server before other brokers.

On February 11, Sebi has collected a penalty to the BPK then manages the Exchange Director.

Major recipient.

According to order Sebi, Mr. Subramanian also knew “Yogi” which was unknown. He is the main beneficiary of Yogi’s main recommendation to him. Defendant knows Ms. Ramkrishna before the appointment in NSE. His wife worked as a regional exchange head in Chennai.

In January 2013, he was offered ₹ 1.68 Crore for the position of head of strategic adviser in NSE, when the last salary withdrawn was ₹ 15 lakh in a government company. He got an increase in fast trouble and his compensation had increased to around ₹ 5 crore in 2016. During the examination period, he also made several visits abroad.

Previously, the income tax department had searched at the Ramkrishna and Mr. Subramanian in Mumbai and Chennai, with suspected tax evasion.