Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal

Allegations of misconduct may not just delay exchange's much-awaited IPO, but also hurt its growing clout in the global equity market.

Around the National Stock Exchange of India, Chitra Ramkrishna was practically her own institution. A founding member of the bourse, she helped shape it into the world’s largest derivatives exchange, opening trading to a growing middle class and serving as its first female chief. In 2016, she stepped down to high praise for her “sterling contribution.”
 

But the reputation of the woman nicknamed “Queen of the Bourse,” along with the multi-billion dollar exchange, took a shocking tumble last month. Indian authorities accused Ramkrishna of crimes ranging from evading taxes to, more bizarrely, leaking confidential information for years to an unnamed