NSE co-location scam: Real or imagined yogi rules over India’s premier stock exchange for 3 years
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- Опубліковано 28 вер 2024
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In an unbelievable story for the modern age, a yogi who supposedly renounced the world, handled the finances and operations of India's largest stock exchange. Was NSE's chief Chitra Ramakrishna duped or is she making it all up?
#nsescam #colocationscam #chitraramakrishna
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Sources
The Hindu Business Line
Chitra Ramkrishna earned ₹44 crore in 3 years; July 16, 2017.
Co-location case: CBI names NSE, SEBI officials, OPG Securities; May 30, 2018.
CBI books stockbroker for illegal NSE access; Devesh K. Pandey; May 31, 2018.
Decoding NSE Chitra Ramkrishna’s mysterious Guru; February 14, 2022.
The Hindu
CBI closing in on co-location and algo scam at NSE; Poornima Joshi; Feb 17, 2022.
Business Standard
Lunch with BS: Chitra Ramakrishna; September 5, 2014.
NSE co-location case: Sebi penalises OPG Securities and 3 others; February 12, 2021.
Chitra Ramkrishna, Subramanian ran a money making scheme, alleges Sebi; February 17, 2022.
Fortune India
Sebi order in NSE's Chitra Ramkrishna case is a job half done; V.Keshavdev; Feb 15, 2022.
The Indian Express
Explained: The NSE co-location case investigation, and what SEBI’s new order means; February 12, 2021.
How a faceless conman ‘Yogi’ guided former NSE MD for 20 years; February 13, 2022.
Geotagged images, hotel booking point to NSE CEO’s aide as ‘yogi’; March 16, 2022.
NSE chief, emails to a ‘yogi’, and an inglorious exit: The rise and fall of Chitra Ramkrishna; March 16, 2022.
The Times of India
Madras Stock Exchange to shut shop after 76 years; April 29, 2014.
Sebi fines NSE Rs 1,100 crore, bans two ex-MDs in brokers; May 1,2019.
After I-T, CBI lens on former NSE MD Chitra Ramkrishna; February 19, 2022.
The Indian Express;
How a faceless conman ‘Yogi’ guided former NSE MD for 20 years; March 16, 2022.
Money Life
NSE Co-location Scam: SEBI Orders Disgorgement of Profits from NSE and Salaries of former MDs, Ravi Narain and Chitra Ramkrishna; April 30, 2019.
NSE withdraws its Rs100 crore defamation suit against Moneylife, pays Rs50 lakh as cost and penalty; September 12, 2017.
Chitra Ramkrishna and the Mysterious Anand Subramanian, Raided by I-T Dept; February 17, 2022.
Chitra Ramkrishna and the Mysterious Anand Subramanian, Raided by I-T Dept; February 17,2022.
Business World
SEBI Bars NSE CEO Chitra Ramkrishna For Giving Right To An Unknown 'Yogi' To Make Business Decisions; March 16, 2022.
Outlook
Explained: From Co-Location Scam To Yogi, All You Need To Know About Chitra Ramakrishna Case; March 16, 2022.
The Economic Times
Co-location 'super white-collar crime', probe Chidambaram's NSE interest, says Jignesh Shah; September 9, 2019.
CNBC TV18
Explained: Why SEBI penalised ex-NSE CEO Chitra Ramakrishna; who is the mysterious ‘yogi’; February 15, 2022.
Business Today
A Himalayan Scandal; Ashish Rukhaiyar; Mar 20, 222
Chitra Ramkrishna case: A SEBI order that hides more than it reveals; February 16, 2022.
Money Control
NSE Scam: Insiders speak of a savvy Chitra Ramakrishna and a closely knit trio, dismissing the ingenue story; February 17, 2022.
Financial Express
Calcutta Stock Exchange stares at an uncertain future on Samvat 2076; October 26, 2019.
Nseindia.com
Business Growth in CM Segment; March 23, 2022.
BSE India
Equity Segment - Market Summary - Historical; March 23, 2022.
India Today
NSE scam: The lady and the yogi; Shweta Punj; Mar 18, 2022
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• Coldplay - Hymn For Th...
With great power comes great responsibility .....
However in India it's like with great power comes greater corruption ....
Unfortunately these offficials are not held accountable .... And so the next gen officers never comply to their integrity. :(
Great video Bisbo❤️
Thanks Shiva 🌹
honesty, trust, generosity are priceless characteristics, never expect it from a cheap and spineless individual, irrespective of how well educated, established and well cultured that individual is
indeed a very well put up comment, getting a nice job, a decorated degree along with fluent professional skills seems difficult but honesty, straightforwardness, generousity is something one cant gain so easy even after years of hardwork 🙇
So true
We need a 2nd one on this piece. Considering that SEBI completely overlooked this scam . It is alleged that this scam ran straight till the finance ministry and P chidambaram. This is bigger than 92 scam.
Entire Congress/UPA era was full of Scams, 2G scam, defense scams, Coal scams......
Yes, in fact it’s more than likely that it’s PC who is yogi. Why not? He’s tamil, has deep contacts in the govt, can evade a CBI arrest for years, and had been able to avoid any whistleblowers until 2015 when the BJP came to power
We did find Ajay Shah related to finance ministry and the scam. But it's still an allegation. Moreover, Pranab mukherjee was FM from 2009-12 when co-location scam started. So it's all shaky right now
It is Anand subramaniam...
So much hard work goes into animation, picking up the right lines, doing R&D... Hats off to my man... Keep rocking
Bisbo bhai we really want your channel to explode. I have been following it from last 2-3 years. Try to make enticing thumbnails.
Your content rocks!!
Thanks a lot Nikhil. Keep pouring in with suggestions 🙏
Very informative and filled with facts. Love the animation. Superb work.
Thank you Ashutosh
Wow.....you are awesome....properly captured all the truth. 👌🏻
love the address and company names in the animations. That very detailed work.
Thanks Karthik
Great 👍 piece of work bisbo
Thanks Naveen 🙏
An important point has been missed in this narration. It was Chidambaram who chose favourable bureaucrats like C. B. Bhave and key persons like Chitra Ramakrishna, Ravi Narain, Ashok Chawla, and Ramesh Abhishek to head market regulators SEBI, NSE and FMC respectively. Ravi Narain and Chitra Ramakrishna's proximity to K.P. Krishnan and P. Chidambaram is said to be the reason for their appointments. It was during this period, the NSE continued operations such as HFT for many years, "enabling brokers to help their clients especially the Foreign International Investors (FII) to make piles of illegal cash". SEBI ignored complaints from the Bombay Stock Exchange (BSE) and the FT Group's MCX-SX. It failed to ask the NSE to discontinue the HFT system for years. Outside the government, P. Chidambaram also has confidants of eminence like heads of key domestic financial institutions. Prior to 2010, the then-chairman of SEBI, C. B. Bhave sent some officials from SEBI to the United States for the training on co-location facilities. Everything went on smoothly because Chidambaram was there to support at the highest levels.
The second point is the role of iSec Services Pvt Ltd, which was one the IT companies that conducted security audits at NSE from 2010 to 2015 when the co-location scam supposedly took place. As part of the security audit responsibilities, it was their job to point out the lapse and that the system was compromised and should have red-flagged it. Mr. Sanjay Pandey, Mumbai Police Commissioner was the director till May 2006
indianexpress.com/article/explained/former-mumbai-police-commissioner-sanjay-pandey-nse-co-location-scam-explained-8010217/
hats off to you and your initiative calrify matters in simple way to make pepole aware of what has happend 🙏🙏🙏
Thanks Santosh 🙏
we love bisbo u r the one, i am able to change perspective about news thankuuuuuuu
Glad to hear that Ramesh 🙏
Hats off to Bisho the kind of research you do.
As always, great job.
Great 👍
Thanks Manoj
I was following you since start
But the thumbnail is unbearable why you people portraits whole community by using such a general term "yogi"
🙁
All frauds were working in Nse who runs it. These frauds will not be punished by law in our country but they will definitely punished by there own karma.
thank you bisbo
🙏
Mid level employee earning 15 lpa.
It's still dream to many people
Always a fan of your content.। Keep u the good work 👍
Thank you Siddharth 🌹
Started following this channel 2 days back..interesting hai😬
Even the smallcase ad was so informative🙌
That's so nice.. Hope it helps you, Ajay 🙏
We have saffron beurocrats.
Prime minister given military protection to show indian beurocracy safeties political parties involving public welfare
For the same reason, prime minister powers are restricted and they are guided not only by beurocrats but vigilance department for security.
Body guards
Very nice one
Bisbo pls do one on Vyapam scandal. Our request. Thanks
One more masterpiece from bisbo ❤️❤️🔥
Thanks Vineeth ❤️🌹
We need to reduce this kind of arbitrage from high frequency trading. Why not force a mandatory minimum response time on all trades (forcing all trades to take at least a certain amount of time). This has been tried on an American Exchange with great success. This is a global problem.
They have been saying that for a very long time. I don't think its implemented in American exchange.
That's an innovative suggestion, Ankit. Sebi is thinking about regulating this
@@wennwenn1422 there is one, very recent, went from being a clearing house to an exchange just 2 years ago I think.
@@ankitait2 that would essentially kill HFTs. I couldn't find anything so I guess exchange is irrelevant (pls correct me)? Exchanges make lot of money and highly unlikely that they would implement it. Everythings a scam 😞
@@wennwenn1422 they actually are pretty popular, just not with hfts, remembered the name, it was IEX. Most hfts are a nuisance anyway. They would be dealing in guano and would still trade.
Greatly excited to explore in detail please (31/3/22)
Imagine if these officials put that much brain into development schemes.. what India would become..
She should have her own show like Harshad Mehta
Really women empowerment becoming big question now.
nirmala setharaman, Sonia gandhi, Chitra ramakirshnan, Madhabi Puri Buch, Chanda Kochhar....
Just 15 lakhs ? wow that's an understatement
Great video. Nice research, good execution. It's apparent, your funding and talent pool are getting better. 😅😎
Keek them coming. Wish you the best.
Thank you 🙏
What about Modiz women reki scam? What was that in 2013?
Thank You Bisbo once again for proving India to be a banana republic. Keep up your great work..
Which software is used to make videos like this? Is it flash?
nse the bastion of so called merit and talent
You should made yogis idol in the image of PC aka Papa chor 🤣😛
Y are u not looking at PC angle ???
Bro plz make a video on Kashmiri pandits . Just watched Kashmir Files and want to know the truth of the matter .
Hi Pratham.. we will think about this topic.
I am glad that one day I accidentally found this channel 😘
Sir harshad Mehta स्कैम 1992 पर video बनाइए
Yogi has an internet connect was it 4g or starlink?
just 15 lakhs per year .......just!!!
nice knowlegable video sir but you need of making in hindi
Wow
Why showing a yogi and shaming hindu community
His name was yogi not he was an actual yogi .
subramium the lucky bastard
The worst women in history spoiled so many people lifes and institutions image. And country too
PR SUNDAR is also involved i believe
Boring news from recent past trun into enjoyable stories.
Thanks Bijan.
Women
Boring 🙄
small case is a big time scam....stop promoting anything
Sucheta dalal
Second
...my mood ruined when you said Godmen .
Bed time financial fairy tales 👍
Aurat bi tharki hoti hai
Make one on kumbh mela covid spread and oxygen langar also
Some questions related to kisan andolan and oxygen langar
1) If an ordinary farmer is given an oxygen cylinder, will he be able to cure a patient of COVID?
2) Can a COVID patient be brought to a public place as a Gurudwara? Wouldn't that put other people at risk? Isn't this against the communicable disease act?
3) If you have oxygen, would you put it in temples, gurdwaras, and mosques? Or outside the hospital where the patient is waiting for the bed?
4) If you have covid will you go to temple, gurudwara or mosque or go to hospital?
5) If oxygen langar has benefited so much, then why did it start in Kumbh and end in Kumbh? Maharashtra, Kerala, Tamil Nadu, where cases are coming for the last 2 years, why not open oxygen langars there?
6) Even when there was a shortage of oxygen in the hospitals, the oxygen langars were running. Did the Kisan andolan movement know in advance that there would be a shortage of oxygen, even when the doctors and hospital administration didnt know?
7) How many farmers of the Kisan Andolan died due to covid?
8) It takes 3 months to import the oxygen concentrators caught in Khan Market. Did Navneet Kalra who bought 7500 oxygen concentrators know in advance that there is going to be a shortage of oxygen, when even reliance and tata had no inkling?
9) Why did the rest of the NGOs and governments insist on the arrangement of oxygen at the patients' homes or hospitals instead of arranging oxygen langars.
10) When there was no oxygen in the hospitals, how did the oxygen reach the langars, and why did they not take them to the hospital. Like Kejriwal, who was saying this every day that there is a lack of oxygen.
11) why are there no oxygen langars or kar sewa in gurudwaras today when north india is swept by covid wave
Questions related to kumbh mela covid spread
A) If Kumbh took place in uttarakhand, why were people more affected in eastern UP as compared to western UP
B) Why did some people recover with minimal intervention, while some succumbed despite best management ? Were there more than one strain
C) Covid spread also coincided with Ramazan. If it had not been for Ramazan, would there have been more muslim casualties ?
D) Can an ordinary person treat covid in oxygen langar ?
E) How did the people know in advance that oxygen concentrator will be required ? It takes 3 months to import from china during the last 2 years.
F) Why did IMA went on strike in North India during this crucial period only ?
G) Why are no new cases in this area, until the entry of omicron, despite hotels and hospital being housefull ?
Hi Mayank.. most of these topics have been done and dusted in public domain.. Hope there is no shortage ever again
You are too late😆😆😆😆
Indeed a day late. Hoping to being back on track next week
It is same everywhere using religion to mask crimes, chithra used Yogi name to divert attention from scam to religion but atleast here people are not so dumb hope she gets punishment what she deserves and be example for other criminals.
Hope the investigation is fast and objective this time.. it's been pending for so many years
Bisbo! You are leading this "infotainment" UA-cam Category by a HUUUGE Margin because of your Research work. Keep it up🚀
Thanks a ton 🙏
Loved the line *on April fool's day* on 2013. She is really infact fooling everyone around in interrogation. No offence.
Destroying laptop to get rid of emails? Aren't emails stored on exchange server?
Emails from Yogi was not traced from which IP address it came from?
Its very hard to wipe off digital evidence from social media. What's posted on the internet, residual data stays there even if you delete them.
Lot of missing bits.
perhaps they were using Google Workspace instead of MS Exchange and there wasn't any Vauld licences purchased to back up deleted data.. afterall it's all intended 😅
Same questions here!
CBI would be able to trace IP address hopefully. It's apparently beyond SEBI's power to do it.
That Sidda purush is Chidambaram
It’s scary how elites and well educated individuals who have all the privileges in the world stoop so low
Hats off to Sucheta Dalal who always exposes such frauds
I hope the Thomas family and the UPA ties mentioned in the video are investigated too
Hoping the mind boggling investigation happens well, Ronak
Ms. Dalal isn't a saint either in the financial world. I remember back in Sept 2021 when she purposely tweeted on a Saturday about an Offshore Mauritius based companies holding undisclosed foreign institutional shareholding and it's beneficiaries in companies of a top business tycoon who is into Power and Gas. It was obvious that it was none other than Anadi(people can guess it) and how poor and innocent retail investors were trapped as the market opened on Monday morning. Gap down and followed by consecutive lower circuits almost in all shares. Also there was substantial amount of short position taken days before this news was tweeted by this so called Ms Dalal. Either she was involved with the Bear Cartel or hired by the big bosses to increase the promoter or FII share holding at lower levels through these offshore companies.
The name quite suits her selective reporting Dalal.
She is one money scorching women who knows nothing but to mint money at the cost of poor domestic and retail investors.
@@stonecoldsteveaustin6389 this!!!
Honestly be it environment, law and order, this, civil and human rights you are hated if you are strong about these in the modern world and I don't know why is that so but it's still the case
@@stonecoldsteveaustin6389 do you have a link where it says that sucheta dalal took short positions before making the tweet?
never fail to impress me. waiting for this for a long time. Thanks bisbo
Half of Sucheta Dalal is equal to 1000 Main stream Media
15 lacs& mid level emp? Shocking, in pvt sector this ia a managerial level salary.
they taking abt big techs
What a clowns 🤡 they are !!!! How can retail investors trust these worst fellows running exchange? Put every one behind bars and teach them a lesson..
Hopefully so, Avinash. It's been the toughest for small investors.
Commerce people are the most manipulative people in society though , spirituality is still relevant you can accept risk filled formalised and legalised gambling as a means of earning then you should be ready to tolerate anything offcourse but you do have a point
@ but Stock market is not something like gambling right? It's an platform to raise funds for organisations and opportunity to common people to invest...
Instead of Chitra Ramakrishna, if it had been a nonbrahmin, Dalit or Muslim involved in such crime, tv news media would discussed this issue for almost a year discussing right from financial gain to terrorist angle.
True true
what crap!! media didnt take this up a lot coz their target audience wont understand or care about this news.... in india political news trumps all other news...
@@anilmenon3927 bull crap! Role of media is to explain the problem to common man. Otherwise why even have media? To discuss celebrity gossip? Or make some celebrity suicide appear like murder ?
@@newbegining7046 sure our media sucks....but this has nothing to do with caste or religion of chitra.... even if she she were dalit media would have paid 0 attention to this coz this doesnt help their trp's
@@anilmenon3927 if you think caste doesn’t play, good luck to your delusion. Caste and religion influences everything in India. Think why 2G was widely portrayed as some sort of biggest crime of 21st century but even after more than 10 years they weren’t able to find single evidence to convict, all were imaginary numbers. Srk son was hounded by all medias as if he was some drug smuggler but what importance did they give to corruption in India’s so called high tech stock exchange ? What influences these ? Srk son taking drugs or not does it have any bearing on country’s security or credibility or nse scam?
I love how you pack so much information in a video and within a scene/frame. That makes the viewer pay full attention. Big fan of your work
Thanks a lot, Suraj 🙏🌹
It's more sebis fault that they didn't act
fast enough to demand an unbiased enquiry ...if sebi itself doesn't care about it's reputation , ofcourse such people will take advantage...the only ones at loss are the normal people and investors , as usual ...
Hey Bisbo, thanks for your eft to make the News to Beutiful story
Glad you enjoyed :)
This is one channel which should be sitting on top of the chart with millions of subscribers
Some day soon. Thanks Siddhartha 🙏
Please do a video on Silverline project in kerala
We are thinking about it, Rahul
@1:55 earning just 15 lakhs per year in 2013, now I'm curious how much this channel makes in a year😂😂😂😂
Haha.. Joshua, Income curiosity never ceases to amaze
Hinduism is a visionary religion... once ambedkar told brahmins are good in studies but the are not intelligent 😂😂🤣🤣 hence proved
Hii bisbo we are eager to know who are you what's your background please tell us about yourself . Please came to limelight
We will consider your request. Thanks :)
@@BisboWorld Don't do it.
@@BisboWorld don't do it.
Don’t.
Don't
That's why leadership qualities are important, you see when impotent people come into power, they may gain some personal gains, but in the end, a big Chaos is made to be cleaned up by good folks.
How come such become organization was cheated in Day light
well made ... most of the skeletons are sitting in the well of the house
Recently many scams are linked to people from Tamil Nadu like 2G, NSE , Chidambaram etc
🔴 _Your consistency and Quality of Content Never Dissapoints..._ 🇮🇳
_You create one of the best content on UA-cam...Its damn amazing the energy you put in...The amount of Information you gather in creating it...The Execution is Awesome._ ❤️❤️
Keep up the Amazing Work 🟢
Thanks a lot ❤️🌹
Great work . Never fails to impress with vast research. Kudos to the team
I challenge that I’ve watched every video you’ve posted so far…
We accept that fact. Thank you for being there always 🌹
I had read about this scam and watched many videos. Bisbo always add something extra with great simplicity and animation.
Nice to hear, Bijan. Thank you.
So underrated channel it is ! Please make a video on your team we would like to know talent behind this !
I worked with NSE during the period and EY was the auditor at that time. Saw it all live..
They wil implement lot to control poor retailers but they wil keep on super rich by co location
Thanks Bisbo
‼️‼️it is scary.. one day all our saving in equity is wiped off and govt do nothing.. wtf, do we have any other option?
Bisbo again !! ✌️👌✌️👌👍 good thing about you guys! Even kids do understand fairly your concepts through unique way of story telling! 👍
So what has the enquiry found out about the yogi or Chitra Ramakrishna. Where are they now? NSE is fooling the public.
Soon a series will be released on this. But Gandhi cannot play the lead. Poor gandhi!!!
Definitely Plausible in the next few years
*why to study when you can be a baba*
Hehe.. Seems like Financial whiz baba
poverty at rise....rich getting richer.
Hadn't Suchita Dalal exposed her, she would have got away with it and quit SEBI on very hogh moral ground like any other scamster with contacts in right place.