Central Bureau of Investigation made a stunning disclosure in the special court, on Monday, claiming that former MD and CEO of National Stock Exchange Chitra Ramakrishna has refused to recognise Anand Subramanian when she was confronted with him.

Last Saturday, a special court rejected Ramakrishna’s anticipatory bail application. The court had said magnitude of NSE scam is huge and requires further investigation.

The high profile business executive was arrested, on March 6, after multiple rounds of questioning. CBI has subjected her to an examination by a senior psychologist at CFSL when she kept on refering that whatever decision she took was on directions of “Yogi” or “mystic power” residing in Himalayan mountains. Chitra also said that she never met this Yogi in 22 years.

While seeking Chitra custodial remand, public prosecutor of CBI said Chitra Ramakrishna was summoned to new headquarters of the agency and face-to-face confrontation took place between her and Anand Subramanian. “She even refused to recognise him. Chitra has been evasive. There are 2,500 emails between the two (Chitra and Anand). We need to analyse to them,” the prosecutor said.

It is the timing of Chitra’s joining at NSE as CEO and subsequent appointment of Anand Subramanian that is now under the scanner of the CBI.

On her first day as MD and CEO at NSE Anand Subramanian was brought in as chief strategic adviser on April 1, 2013 on a salary of Rs 1.68 crores. Later he was re-designated as group operating officer and adviser from April 1, 2015 till October 15, 2016. His last drawn salary was Rs 4.2 crores.

Chitra Ramakrishna was managing director and CEO of India’s biggest stock market from March 31, 2013 till December 2016. She resigned citing “personal reasons”.

Chitra was produced in the court of special judge Justice Sanjeev Aggarwal at around 2 pm. The CBI further said that they need to identify NSE and SEBI officials who are part of co-location and algorithm scam.

Special judge Justice Sanjeev Aggarwal again pulled the CBI saying, “what about those mentioned in the FIR. The FIR was lying dormant. It was lying in a cold storage”.

Last Saturday special judge Justice Sanjeev Aggarwal made scathing remarks on the probe by the CBI and SEBI for not going after main accused.

“The conduct of the investigating agency CBI is most lackadaisical to say the least, as no action seems to have been taken against main beneficiaries of the present co-location scam and and others for almost four full years, who seems to be enjoying merrily at the expense of common citizenry for the reasons best known. Further even SEBI despite being capital market watch dog has been too kind and gentle qua the accused persons in the present FIR/RC,” said special judge Justice Sanjeev Aggarwal.