New Delhi (20.02.2022): Income Tax officials are probing into possible fund diversion to an offshore location by former National Stock Exchange (NSE) officials Chitra Ramkrishna and Anand Subramanian.
The tax department has found frequent personal and official travel to Singapore, Mauritius and Seychelles. Officials claimed that the way her travel was planned raise enough suspicion.
Reportedly, the Income Tax department may seek information from these countries to investigate the possible fund diversion.
They are looking more closely at travel immediately before and after Ramkrishna resigned as CEO and MD of the exchange in December 2016.
The department is also looking into the travel details of an NSE board member and one private person suspected to have links with both Subramanian and Ramkrishna, officials said.
Officials maintained that more people connected to the exchange could be searched. The Central Bureau of Investigation on Friday questioned Ramkrishnaand her colleagues.
The agency has already issued a lookout circular (LOC) for Chitra Ramkrishna, Anand Subramanian and Ravi Narain, all three former top executives of NSE.
I-T Dept probes possible fund diversion to tax havens by Ex-top-officials of NSE
By IndianMandarins - 2022-02-20 04:00:00
New Delhi (20.02.2022): Income Tax officials are probing into possible fund diversion to an offshore location by former National Stock Exchange (NSE) officials Chitra Ramkrishna and Anand Subramanian.
The tax department has found frequent personal and official travel to Singapore, Mauritius and Seychelles. Officials claimed that the way her travel was planned raise enough suspicion.
Reportedly, the Income Tax department may seek information from these countries to investigate the possible fund diversion.
They are looking more closely at travel immediately before and after Ramkrishna resigned as CEO and MD of the exchange in December 2016.
The department is also looking into the travel details of an NSE board member and one private person suspected to have links with both Subramanian and Ramkrishna, officials said.
Officials maintained that more people connected to the exchange could be searched. The Central Bureau of Investigation on Friday questioned Ramkrishnaand her colleagues.
The agency has already issued a lookout circular (LOC) for Chitra Ramkrishna, Anand Subramanian and Ravi Narain, all three former top executives of NSE.
