Anand Subramanian impersonated "Himalayan Yogi": CBI tells court

New Delhi: The former group operating officer of National Stock Exchange (NSE) Anand Subramanian was impersonating a "Himalayan Yogi" and influenced former NSE MD Chitra Ramakrishna, the Central Bureau of Investigation (CBI) submitted before a Delhi court on Friday. There were allegations that Chitra was leaking confidential information on stock markets to "a Himalayan Yogi" and facilitated Subramanian's appointment violating rules, The News Minute reported.

CBI made the submission before Special Judge Sanjeev Agarwal, who was hearing Subramanian's plea for bail.

CBI opposed the bail plea saying that Subramanian is an influential person and giving him bail could affect the probe underway.

The CBI arrested Subramanian on February 24, and the agency got him in custody till March 9. Later, he was sent to judicial custody. The probe agency had arrested Chitra on Sunday in a case of bourse manipulation. After being produced before the court, Chitra was remanded, and to seven days police custody and CBI is still investigating the case.

While hearing the NSE scam case on March 8, the special court in New Delhi wondered who would make investments in India after such scams happened. The court criticised CBI for its inefficient investigation into the case and said that the issue could be enormous in magnitude, and India's reputation is at stake. He added that investors might go to China instead. "People invest their money in India. They think the NSE is fair. If they come to know that something fishy is going on, who will invest money? You (CBI) are taking this investigation very lightly," the judge added.