Business
NSE fraud case: CBI arrests Anand Subramanian

In a latest development in the NSE fraud case, the Central Bureau of Investigation (CBI) has arrested Anand Subramanian, the former Chief Strategic Advisor of National Stock Exchange, from Chennai on the intervening night of Thursday and Friday.
A source told IANS that he will be produced before the concerned court. The federal probe agency will seek his custodial remand.
Recently his statements were recorded for three consecutive days in Chennai. But, he was evasive throughout the questioning, sources said.
Subramanian was brought to the NSE by Ramakrishna and he reportedly had access to the email ID on which the emails were sent to Yogi with whom the classified information was shared.
The CBI recently raided the SEBI office and recovered some incriminating documents, including digital documents.
“These are crucial documents and evidence nailing the lies of the alleged accused involved in the case. We are in the process of making a foolproof case against all the accused. These will help the prosecution in proving our case when it goes to court,” said the source.
The CBI had on February 19 grilled erstwhile NSE director Ravi Naraian. He served as the CEO of NSE before Chitra Ramakrishna.
Earlier, it was said that he had fled to London and was living there. But the CBI source confirmed to IANS that Ravi Naraian was in Delhi where his statement was recorded.
“Ravi was asked to join the investigation. He responded to our summon. He was called at the Delhi office where he was grilled. He is also a suspect in the case,” said the CBI source.
Ravi too was evasive and tried to evade a lot of questions. He also requested that his LOC should be closed.
Chitra Ramakrishna, the former MD and CEO of National Stock Exchange was recently grilled by the CBI in Mumbai. On February 18 she got her statement recorded with the federal probe agency.
The CBI had asked her around 50 questions. She had tried to play the victim card by claiming that she didn’t know a lot of things. She also had claimed that she was innocent and somebody was trying to frame her.
The CBI had asked her, for how long she had been sending mails to Yogi Baba, was she given any cut for sharing classified information, if yes where has she invested the money.
The CBI had already opened Lookout Circular against Chitra, Anand Subramanian and Ravi Narayan.
Sources told IANS that Chitra and two others involved in the case were flight risk and hence the LOC was issued against them.
The CBI had lodged an FIR against Chitra on the basis of the 192-page report of SEBI in which she has been accused of leaking classified information to a Yogi who lived in the Himalayas.
The mystery man Yogi has still not been found by the CBI.
On February 17, the Income Tax Department conducted raids at the house of Chitra in Mumbai and Chennai. Incriminating documents were recovered during the raids.
The I-T department scanned various transactions and digital records. They also recorded the statements of a few of her employees.
Recently SEBI had imposed a fine of Rs 3 crore on her. SEBI had uploaded a 192-page order on its official website narrating how Chitra was allegedly involved in suspicious activities by leaking information.
Chitra had said that a sage, who lives in the Himalayas, was giving her directions. She also sent him emails regarding the NSE.
She quit SEBI in December 2016.
It has been learnt that she allegedly shared vital inputs with the Yogi. “Information regarding organisational structure, dividend scenario, financial results, human resource policies and related issues, response to regulator, etc., were shared by her with the Yogi,” said the source. Between 2014 and 2016 she sent emails at rigyajursama@outlook.com.
Subramanian was made the Chief Strategic Advisor of NSE. He served at this post between 2013 and 2015. He was given the post of group operating official and advisor to the MD. He discharged his duties on this post between 2015 and 2016.
Subramanian, who had previously been working as a mid-level manager in Balmer and Lawrie, had no exposure to the capital market. His salary was increased from Rs 15 lakh to Rs 1.68 crore annually. In 2017 his salary was hiked to Rs 4.21 crore yearly.
International
UN chief warns of ‘rathole of retaliation’ after US strikes on Iran

United Nations, June 23: UN Secretary-General Antonio Guterres warned of “a rathole of retaliation” in the wake of US strikes on Iranian nuclear sites.
The US bombing of Iranian nuclear facilities marks a perilous turn in a region that is already reeling, Guterres told an emergency meeting of the UN Security Council.
“From the outset of the (Israeli-Iranian) crisis, I have repeatedly condemned any military escalation in the Middle East. The people of the region cannot endure another cycle of destruction. And yet, we now risk descending into a rathole of retaliation after retaliation,” he warned.
To avoid further escalation, diplomacy must prevail, civilians must be protected, and safe maritime navigation must be guaranteed, Guterres said.
“We must act — immediately and decisively — to halt the fighting and return to serious, sustained negotiations on the Iran nuclear program,” he urged.
According to media, Guterres called for a credible, comprehensive and verifiable solution to restore trust, including inspections by the UN nuclear watchdog, the International Atomic Energy Agency.
He stressed that the Non-Proliferation Treaty is a cornerstone of international peace and security, adding that Iran must fully respect it.
All member states, he said, must act in accordance with their obligations under the UN Charter and other rules of international law, including international humanitarian law.
“The United Nations stands ready to support any and all efforts toward a peaceful resolution. But peace cannot be imposed, it must be chosen,” said Guterres.
“We face a stark choice. One path leads to wider war, deeper human suffering, and serious damage to the international order. The other leads to de-escalation, diplomacy and dialogue. We know which path is right.”
He also urged the Security Council and all UN member states to act with reason, restraint and urgency for peace.
International
US, Iran clash at UN over nuclear site strikes as tensions escalate

United Nations, June 23: The US and Iran exchanged sharp accusations at an emergency meeting of the United Nations Security Council on Monday (Indian time), following US military strikes on three of Iran’s major nuclear facilities, an operation that has drawn global attention and concern over the potential for broader conflict.
Addressing the Council a day after US President Donald Trump confirmed American forces struck the Fordow, Natanz, and Esfahan nuclear sites, acting US Ambassador to the UN, Dorothy Camille Shea, said that the strikes were aimed at dismantling Iran’s nuclear enrichment capacity and ending the nuclear threat posed by what she called the “world’s foremost state sponsor of terror”.
“This operation sought to eliminate a longstanding but rapidly escalating source of global insecurity and to aid our ally Israel in our inherent right of collective self-defence consistent with the UN Charter,” she added.
Shea accused Iran of long obstructing transparency in its nuclear activities, saying it has “stonewalled good-faith efforts” in recent negotiations.
“For 40 years, the Iranian government has called for ‘Death to America’ and ‘Death to Israel’ and posed a constant menace to the peace and security of its neighbours, the US, and the entire world,” she added.
Shea warned Tehran against further escalation, saying, “As President Trump said, any Iranian attack — direct or indirect — against Americans or American bases will be met with devastating retaliation.”
Meanwhile, Iran’s UN envoy Amir Saeid Iravani condemned the strikes as a “blatant crime” and accused the Israeli Prime Minister Benjamin Netanyahu of dragging Trump into a conflict that began on June 13 with an Israeli assault on Iranian nuclear sites and scientists.
“The US decided to destroy diplomacy,” Iravani said, adding that Iran’s armed forces would determine the “timing, nature and scale” of a proportionate response.
Blaming the Israeli Prime Minister directly, he said, “The internationally wanted war criminal Netanyahu succeeded in hijacking US foreign policy, dragging the US into yet another costly, baseless war.”
He called the strikes “profoundly heartbreaking,” stating, “Today, another stain was recorded in the political history of the US.”
He reminded the Council that the US, a founding member of the UN and signatory to the Nuclear Non-Proliferation Treaty (NPT), had once again resorted to the use of force despite being the only country to have used nuclear weapons in conflict.
Iravani also targeted Israel, calling it “an outlaw nuclear-armed regime that refused to join the NPT” and has for decades promoted a “false narrative” about Iran’s nuclear intentions without providing “a shred of evidence”.
“This is a historic test for this Council, for the United Nations as a whole. If this Council fails to act and condemn this blatant aggression, the stain of complicity will forever remain on its conscience, as it does with Gaza,” he warned.
Israel’s Ambassador to the UN, Danny Danon, defended the US actions, saying “history changed” with the strikes.
“The US, the leader of the free world, removed the greatest existential threat facing the free world. Just like our Operation Rising Lion, this was not a war of choice. This action was a necessity. It was a righteous act for the United States, for Israel, for the Middle East, and for the world,” he said.
Danon praised American leadership during the crisis: “Let the record show that when the world stood at the edge of a nuclear disaster, America stepped forward. When time ran out, America showed courage. And when the moment came to confront the forces of extinction, America led.”
He accused Tehran of using the negotiating table as a cover while advancing its missile and uranium enrichment programs.
“Make no mistake, the cost of inaction would have been catastrophic. A nuclear Iran would have been a death sentence just as much for you as it would have for us,” he said.
Danon also said that Iran’s influence extended well beyond its borders, arming militias in Iraq, funding the Houthis in Yemen, plotting murder in Europe, and threatening Western capitals with its growing ballistic missile arsenal.
UN Secretary-General Antonio Guterres expressed grave concern over the developments, warning that the US bombing of Iran’s nuclear facilities marks a “perilous turn” for a region already under immense strain.
“We must act immediately and decisively to halt the fighting and return to serious, sustained negotiations on the Iran nuclear program. We need a credible, comprehensive and verifiable solution, one that restores trust,” Guterres said.
He emphasised the crossroads facing the international community: “We face a stark choice amid the escalation in the Middle East. One way leads to wider war, deeper suffering and serious damage to the international order. The other leads to de-escalation, diplomacy and dialogue. We know which way is right.”
Maharashtra
Mumbai launched a campaign against drug abuse, organised a cyclothon with the resolution of ‘Drug Free India’

Mumbai: A unique sight was seen on the streets of Mumbai on Sunday morning when hundreds of people rode bicycles and united against drug abuse. Organised by the Narcotics Control Bureau (NCB) Mumbai and Greater Mumbai Police, the cyclothon gave the message of spreading awareness against drugs.
The “Drugs Free India” campaign started from Bandra Reclamation Bus Station and ended at Juhu Beach.
Big personalities gathered to flag off the cyclothon at 7 am. Naval Bajaj (ADG, ATS), Sharda Nikam (IG, ANTF), Amit Ghavate (Additional Director, NCB Mumbai), Navnath Dhawale (DCP, ANC) and Dr. Deepshikha Birla (Senior Superintendent of India Post) flagged off in the presence of Mumbai North Division and personnel from Narcotics Control Bureau, Mumbai Unit and Anti Narcotics Cell, Mumbai Police.
People of all ages participated in this cyclothon organized by Loha Foundation. From youth to the elderly, everyone raised their voice against drug abuse by riding bicycles. The route was specially chosen keeping in mind traffic and safety, so that the participants do not face any inconvenience.
The walk from Bandra to Juhu was not only good for health but also gave a social message.
The event concluded at Juhu Beach, where common citizens and officials shared their views. Participants said that such events remind us that drug addiction not only ruins the life of one person, but also the entire society. We all have to come together to stop it.
This effort of NCB highlighted the dangers of drug abuse and promoted a healthy, drug-free lifestyle. Officials said that this cyclothon is just a beginning; there will be more such events in the future, which will help in freeing the society from the clutches of drugs.
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