Chitra Ramakrishna, former MD of NSE barred from associating with any Market Infrastructure Institution for a period of 3 years.
She says she was guided by a "Siddha Purusha / Yogi in Himalayas while making her decisions".
The investigation related to a complaint in 2015-16 where Anand Subramanian was hired as a Group Operating Officer / Advisor to MD at a salary of 1.6 crores. This was a 10 fold jump from Rs. 15 Lakhs which he was drawing in his previous job at Balmer & Lawrie
Anand Subramanian was appointed without any advertisement for the post and interview.
He was on a 4 DAY WORK / WEEK and his compensation jumped to 4 crores in April 2016.
He travelled FIRST CLASS and was in Chennai every WEEKEND.