Sebi rejects Chitra Ramkrishna’s claim of no ‘Physical Persona’ of unknown person

In a recent order, the capital markets regulator revealed email communications between the ‘unknown person’ and Ramkrishna in 2015 that were included as evidence as part of its probe into the alleged violations in securities contract rules related to the appointment of Anand Subramanian as group operating officer and adviser to the managing director.

“…it is evident that the unknown person is a physical being and has gone on vacations with the Noticee no. 1 (Ramkrishna) to “chill”,” said the Sebi order dated February 11. “It is apparent that Noticee no. 1 has refused to reveal the identity of the unknown person and has sought to claim that the unknown person is a spiritual force.”

In her submission before Sebi, Ramkrishna said the anonymous ‘unknown person’ was a ‘Siddha Purusha’ or a ‘Yogi’ who is a ‘Paramahansa’, largely dwelling in the Himalayas. The former MD and CEO of NSE had also told Sebi that she has sought personal and professional guidance from the unknown person for the past 20 years.

Sebi used emails between the ‘unknown person’ and Ramkrishna to establish that both of them met on a few occasions. The regulator, in its order, revealed an email dated February 17, 2015, allegedly from the ‘unknown person’ to Ramkrishna. It read,”…p.s, keep bags ready I am planning a travel to Seychelles next month, will try if you can come with me, before Kanchan goes to london with Kaanchana and Barghava and you to New Zealand with two children. HK is a preferred transit or Singapore for onward journey. In case you need help pi let me know Seshu will do the needful. If you know swimming then we could enjoy a sea bath in Seychelles and rest in the beach. I am asking my tour operator to connect with Kanchan for all of our tickets.”

The Sebi order said “Kanchan” was Anand Subramanian, while the identities of Kaanchana, Barghava and Seshu were not disclosed. In another e-mail dated February 18, 2015 as per the Sebi order, the ‘unknown person’ told Ramkrishna, “Today you are looking Awesome. You must learn different ways to platt your hair which will make your looks interesting and appealing!! Just a free advice, I know you will grab this. Keep March mid a little free.”

The unknown person wrote another email dated February 25, 2015 to Ramkrishna. It read, “…PS : I overheard with Kanchan when you said let’s pack and leave, Get ready count down starts now. I accomodate for Seychelles where you can chill it out.”

The e-mail dated September 16, 2015 from the ‘unknown person’ to Ramkrishna said, “Did you hear that Makara Kundala song I sent? You must hear the resonance of that iterations. I am happy to see cheer, on your face and absolutely from your heart. I did rejoice the time yesterday with you. These small things you did for yourself make you feel younger and energetic.”

Sebi said Ramkrishna, in her statement dated April 14, 2018, before it, had submitted that she attended a meeting with the unknown person at the Swamimalai temple in New Delhi and also met him on occasions in holy places.

The Sebi report said NSE, based on the forensic investigation report of EY, had submitted that the ‘unknown person’ was Subramanian. As per an EY report and a report of a practitioner dealing with human psychology as submitted by NSE, Subramanian had exploited Ramkrishna by creating another identity before her, according to the regulator. Sebi, however, did not accept this argument of NSE that the unknown person and Subramanian are same.