Former group operating officer (GOO) of the National Stock Exchange (NSE) Anand Subramanian has been arrested by the Central Bureau of Investigation (CBI) in connection with its probe into a 2018 case of manipulation of the bourse.
“Subramanian was arrested by a team of officials in Chennai late on Thursday night. He will be produced in a competent court today,” a CBI official said.
The arrest comes after three days of questioning by a CBI team from Mumbai in connection with multi—crore irregularities committed by the disgraced former managing director and chief executive officer Chitra Ramakrishna.
The team frisked Anand Subramanian to an undisclosed location in Chennai for further questioning. He will be flown to Mumbai later in the day.
Once the plea is granted, the CBI will bring him to the national capital and produce him before a special court for seeking his custodial remand for questioning in connection with the case at its headquarters, they added.
An audit report allegedly referred to Subramanian as a mysterious Yogi, but it was dismissed by the Securities and Exchange Board of India (Sebi) in its report on February 11, the officials said.
Ramkrishna, who succeeded former CEO Ravi Narain in 2013, had appointed Subramanian as her advisor who was later elevated as Group Operating Officer (GOO) at a fat pay cheque of Rs 4.21 crore.
(With inputs from agencies)