Former India stock exchange boss arrested in mystic scam

The former chief executive of India’s National Stock Exchange has been arrested, officials said Monday, in a bizarre corporate mis-governance scandal featuring a supposed Himalayan yogi.

Chitra Ramkrishna – a high-flying executive once feted as the “queen of the bourse” – allegedly took business advice from a mystic throughout her 2013-2016 tenure at one of the world’s largest derivatives exchanges.
She was detained by Central Bureau of Investigation, India’s equivalent of the FBI, in Delhi late Sunday, a senior officer told AFP.

Spiritual leaders and “godmen” have long enjoyed vast followings in India and the business world is no exception in the highly religious nation of 1.4 billion people.

A 190-page report released by regulators last month revealed damning details of how Ramkrishna, 59, shared sensitive information with a spiritual adviser she supposedly met by the River Ganges. The yogi “would manifest at will and I did not have any locational coordinates”, she told officials. “Accordingly, he gave me an (email) ID to which I could send my requests.”

Emails uncovered in the probe show the yogi proposed meetings in the Seychelles, one of several tax havens including Singapore and Mauritius where investigators are probing possible tax evasion.

A special lift was reserved for Ramkrishna and Subramanian at the NSE and a dedicated team ensured he had separate hand towels and soap dispensers in the toilet, according to press reports. oth former executives are barred by authorities from leaving India or accessing financial markets.

Source: Reuters

In other news – Makhadzi pushes her dancer off the stage during performance – Video

Makhadzi got tongues wag after she pushed one of her dancers off the stage at a show.

The singer is known to be one of South Africa’s best stage performer and her energy can’t be compared, as she gives every performances her all. Learn more