Evidence conducted so far by the Central Bureau of Investigation (CBI) and the interrogation of Arvind Subramaniam indicate that he was the mysterious “Himalayan Yogi”, the people said.
The agency arrested Subramaniam, a former operating officer of the National Stock Exchange (NSE) group, from Chennai late on Thursday night. He was brought to Delhi on Friday afternoon after obtaining transit remand from a Chennai court.
This is the first arrest in the NSE co-location case in 2018. Subramaniam had worked as an advisor to former NSE chairman Chitra Ramakrishna. The agency strictly interrogated Subramaniam for four days in Chennai. The agency had questioned him in connection with the ongoing probe by Sebi into e-mails received between Chitra Ramakrishna and an unidentified person known as “Yogi”.
People in the know said Subramaniam failed to give any clear answer to the questions asked. Since he was evasive, he was taken into custody, people quoted above. The agency has recovered digital documents from his Chennai residence.
The CBI has already questioned Chitra Ramakrishna, former chairman of the National Stock Exchange (NSE). Another former managing director of NSE, Ravi Narayan, was questioned by the CBI last week.
The federal agency had last week expanded its scope of investigation in the NSE co-location case in 2018. The agency had also opened a lookout circular against Chitra Ramakrishna, the then group operating officer and management advisor Anand Subramaniam. Director and former MD & CEO Ravi Narayan. The LOC prohibits travel outside the country.
It may be clarified here that Chitra is not named as an accused in the FIR registered by the CBI in May 2018. However, one of the co-accused registered in the FIR is an “unknown officer/official of SEBI and NSE, Mumbai”.
The said FIR has been registered on charges of criminal conspiracy, destruction of documents or electronic records to prevent them from being produced as evidence. Other charges include “granting, attempting to obtain, abuse of official position and destruction of evidence” under the Prevention of Corruption Act. Further, the said FIR also applies to the Information Technology (IT) Act.
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