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breaking news Sebi can identify ‘Yogi’ in 10-15 days, says cybercrime expert

The Securities and Exchange Board of India (Sebi) has everything it needs to crack the identity of the ‘yogi’ at the center of the National Stock Exchange (NSE) scam, a cybercrime expert has said.

In fact, the regulator can find this yogi in 10 to 15 days with the help of the Central Bureau of Investigation (CBI), or in a month, with the help of a constable from the nearest police station, a clarified Nishant Singh.

Singh is the Director of Forensic Investigations and Advisory Services, and is regularly called as an expert witness in court cases involving private and government entities. His firm has investigated fraud in cooperative banks, audited software used by Delhi police academies and conducted forensic investigations for multinational advisors such as PwC.

The exchange was in the eye of a storm, with its former managing director and CEO Chitra Ramakrishna revealing that he took the advice of an unknown ‘Himalayan yogi’ to run the company and shared confidential information with him.

After more than four years of investigation into this scandal, Sebi still does not have the identity of this “Himalayan recluse”.

Singh said all the regulator really needs is the “yogi’s” email id, which is From the email id alone, the investigator can find out the phone number, location (even the exact address) and identity of the person, and how many times that person has accessed that account and from or.

What about the EY report?

Sebi had hired auditing and consulting firm EY, as well as Deloitte, to investigate the roommate scam. In 2017, EY released its report, which included the study of emails exchanged between Ramakrishna and the outsider-influencer.

The company had identified the yogi as the now infamous hire and former group operations director Anand Subramanian. When Sebi issued its order dated February 11, 2022, the regulator rejected EY’s finding, pointing to inadequate and conflicting evidence.

The regulator said EY only reviewed desktops donated to Ramakrishna and Subramanian, not laptops that were assigned to the exchange and Subramanian because the devices were scrapped. He also said that only Ramakrishna and Subramanian’s official email ids, not their private email ids, were verified.

Singh told Moneycontrol that both of these objections can be resolved.

First, laptops are not needed to trace the identity of the yogi. Second, private email IDs are not accessible by a private entity such as the EY, but they can be accessed by a government investigative agency.

“EY, as a private entity, cannot demand details from companies that host private email IDs, such as Gmail or Yahoo. But government investigative agencies have the power to do so,” he said. -he declares.

Singh added, “There is no need to access the so-called yogi’s emails (to know his identity). The CBI can find the person with the email id alone, the one that was used in the communication between Ramakrishna and the yogi.

“After obtaining the IP address through which the ‘yogi’ accesses the email, it is easy to trace the person or account holder. It may take a few more days if the person is using proxy servers,” he said.

First post: STI


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