The Indian authorities have accused Chitra Ramkrishna, the ex-CEO of India’s National Stock Exchange, of disclosing confidential information to a yogi.
During her time as CEO of the NSE, Ramkrishna was nicknamed the “Queen of the Bourses” for doubling the exchange’s daily average turnover and turning it into one of the world’s leading trading floors. She resigned in 2016. In February 2022, Chitra Ramkrishna was arrested on charges of fraud, tax evasion, and disclosing confidential information. The ex-CEO was accused of divulging business plans and contract information to an anonymous yogi. The National Stock Exchange stated it was cooperating with the investigation and was undergoing a management reshuffle.
Chitra Ramkrishna’s lawyers did not give any comments. The NSE’s ex-CEO told the Securities and Exchange Board of India that she sought counsel from the guru. "As we know, senior leaders often seek informal counsel from coaches, mentors or other seniors in this industry, which are all purely informal in nature. In a similar strain, I felt that this guidance would help me perform my role better," she said. In her personal correspondence, Ramkrishna referred to the yogi as “Swami” - a title of respect for a Hindu religious teacher.
