NEW DELHI/ FROM OUR BUEREO
The Congress on Tuesday jumped over last Friday’s disclosure of the SEBI (Securities and Exchange Board of India) on a mysterious ‘Baba’ residing in the Himalayas running India’s largest stock exchange, the National Stock Exchange (NSE), through its Managing Director and CEO Chitra Ramkrishna sacked in December 2016.
The Baba, who communicated through emails, was appointing the key managerial personnel of NSE and ordering Chitra Ramkrishna on how to run the stock exchange with a combined market capitalisation of close to US $4 trillion (Rs 303 lakh crore), just $1 trillion less than $5 trillion economy that Prime Minister Modi promised for the nation.
The SEBI found how Ramkrishna was sacked in 2016 for her role in the co-location and algo trading scam and abuse of power and abuse of power in running NSE with impunity and no one from the senior management and the promoters, including big government institutions and banks, ever objected. Instead of putting her behind the jail, the parting gift to her was Rs 44 crore as pending dues and salay when she left NSE, said Congress spokesman Prof. Gourav Vallabh.
He said nobody knows who is this Baba or Yogi except Ramkrishna who claims he is a “spiritual force that could manifest itself anywhere it wanted and did not have any physical or locational co-odinates and largely dwelt in the Himalayan range.”
Prof. Vallabh has released sordid excerpts of email exchanges between Ramkrishna and the mysterious Baba whom she claims to guide her for the past two decades. He asked why the Prime Minister and the Finance Minister are “mum” on India’s biggest financial scam of all times and why an IP address of the emails sent by Baba not traced till now.
He also questioned SEBI for keeping quiet fo six years since 2016 on Chitra Ramakrishna shenanigans when scandalous facts were reported? He also asked why SEBI not having any expertise on search and seizure did not transfer the case to CBI, SFIO, ED or IT for investigations in the last six years. Who is stopping it from doing the same, he asked.
The email excerpts by the unknown person, called by Ramakrishna as Baba or Yogi, released by the Congress leader are quite titillating with suspicion that both, Baba and his lady disciple, were trying to escape to Seychelles Some of them are:
Feb 17, 2015: Keep bags ready. I am planning to travel to Seychelles next month. Try if you can come with me, before Kanchan goes to London with Kanchana and Bhrgava and you to New Zealand with two children. HK is a preferred transit or Singapore for onward journey….
Feb 18, 2015: Today you are looking awesome. You must learn different ways to platt your hair which make your looks interesting and appealing. …..Keep March mid a little free.
Feb 25, 2015: I overheard with Kanchan when you said let’s pack and leave. Get ready. Count down starts now. I accommodate for Seychelies where you can chill it out.
Sept 16, 2015: Did you hear that Makara Kundala song I sent…..I am happy to see cheer on your face and absolutely from your heart. These small things you did for yourself make you feel younger and energetic.
March 02, 2015: I am a good friend of your foreign shareholders representation committee on your board and would like to discuss the global trend on the dividend payout that is worldwide accepted with you in person.. I am on a trip to India and in Delhi on 7th and 8th March and will be happy to meet on any of these two days at your convenience. Since 7th will be a tight schedule, will March 8th forenoon work, then we will meet at Vasant Vihar Delhi at my India office.
Nawaz Patel, secretary to Ramkrishna, replied to the unknown person that Ms Ramkrishna will be pleased to meet you on Sunday, March 08, 2015. As regards the time and venue for the meeting, we wll touch base with you.
The 190-page SEBI report says how Ramkrishna appointed one Anand Subramanian as the NSE’s group operating officer and advisor to her and there was no evidence on the file of his performance, though consistently rated as a top performer and his hikes were also guided by the Baba.
Ramkrishna and Subramanian have been restrained from associating with any market infrastructure institution or any intermediary registered with Sebi for a period of three years and SEBI has ordered NSE to forfeit the excess leave encashment of ₹1.54 crore and the deferred bonus of ₹2.83 crore, of Ramkrishna, which was retained by the exchange and deposit the same to its Investor Protection Fund Trust within six days. In addition, Sebi has barred NSE from launching any new product for a period of six months.
