CBI opposes bail to ‘Himalayan Yogi’; court docket reserves order

By Express News Service

NEW DELHI: The Rouse Avenue Court on Friday reserved the order on the bail software of Anand Subramanian, a key suspect, accused within the National Stock Exchange (NSE) co-location rip-off.

The Central Bureau of Investigation (CBI) which is probing the case opposed the bail plea and knowledgeable the court docket that the previous NSE group working officer (GOO) Anand Subramanian was impersonating as “Himalayan Yogi” and influencing the choices of the previous NSE CEO, Chitra Ramkrishna.

“He’s influential, Inko lag raha tha yeh Himalyan Yogi banke chupe rahenge however humne inko pakad liya (He thought he’ll cover behind the identification of Yogi however we caught him), mentioned the CBI throughout the one and a half-hour lengthy argument.

Special Judge Sanjeev Aggarwal reserved the bail plea order for March 24. 

According to a report, the CBI prosecutor VK Pathak knowledgeable the court docket that Subramanian was identified to Chitra and he influenced her determination making. They visited tax havens like Seychelles and Mauritius. This side needs to be investigated.

The CBI opposed the bail stating that he’s a “flight risk”, the decide remarked that he had not really fled the nation up to now 4 years. 

Subramanian’s advocate, Arshdeep Singh Khurana instructed the court docket that the rip-off came about between 2010 and 2014 and that the accused joined in 2013. His attorneys additionally instructed the court docket that two SEBI inside enquiries had not discovered something in opposition to his shopper on this case. 

On this, the decide remarked, “You are the Himalayan Yogi. Living in the high reaches of the Himalayas with divine powers. CBI was in hibernation for four years. They suddenly woke up. I don’t know why.” Arshdeep replied that Subramanian shouldn’t be the Yogi. 

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The decide on March 8 had pulled up the investigating company for the sluggish tempo of the investigation.

The Securities and Exchange Board of India (SEBI) had unearthed electronic mail communication between Chitra Ramakrishna and a “Himalayan Yogi.” 

Anand was the primary to be arrested in reference to the rip-off, which reportedly run into 1000’s of crores, from his residence in Chennai on February 24. The CBI subsequently arrested Chitra Ramakrishna on March 6 for grave lapses at India’s largest inventory market together with sharing confidential info with the “Himalayan Yogi.” Another former managing director of NSE Ravi Narain was interrogated by the company. 

The rip-off dates again to January 2015 when a whistleblower knowledgeable SEBI about unfair practices on the NSE, the place sure brokers had been being given early entry to the colocation facility on the inventory alternate.

The CBI had filed FiR within the case in 2018.