NSE illegal phone tappingFormer NSE CEO and Managing Director Ravi Narayan was arrested by the Enforcement Directorate in a money laundering case on Tuesday.
Narian’s role in the alleged phone tapping and co-location scam is being probed. Narayan is believed to have been arrested under criminal sections of the Prevention of Money Laundering Act (PMLA).
Ravi Narayan was the CEO and MD of the National Stock Exchange (NSE) from April 1994 to March 2013 and was succeeded by Chitra Ramakrishnan.
Earlier, a Delhi court had rejected the bail plea of former National Stock Exchange (NSE) managing director and chief executive officer Chitra Ramakrishna in a money laundering case related to alleged illegal phone tapping and espionage of NSE employees. Special Judge Sunena Sharma refused the relief saying that the stage was not ready for grant of bail.
The Enforcement Directorate has also arrested former Mumbai Police Commissioner Sanjay Pandey in an alleged illegal phone tapping case.
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