The former Managing Director and Chief Executive Officer of NSE, Chitra Ramkrishna, was steered by a yogi dwelling in the Himalayan ranges in the appointment of Anand Subramanian as the exchange's group operating officer and adviser to MD, according to a SEBI order.
Further, Ms. Ramkrishna gave "frequent, arbitrary and disproportionate" increase in compensation to Mr. Subramanian when there was no evidence of any performance evaluation being done for him and nor was there any evidence to satisfy the rating of A+ given to him for giving such high increment.
Apart from this, Ms. Ramkrishna had shared certain internal confidential information, including financial and business plans of NSE, dividend scenario, financial results with the yogi and even consulted him over the performance appraisals of the exchange's employees.
