NSE illegal phone-tapping: Former NSE CEO and Managing Director, Ravi Narain was arrested on Tuesday by the Enforcement Directorate in a money laundering case.
Narian is being investigated for his role in the alleged phone tapping and co-location scam case. It is believed that Narain has been arrested under criminal sections of the Prevention of Money Laundering Act (PMLA).
Ravi Narain 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 dismissed the bail application of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in a money laundering case related to the alleged illegal phone tapping and snooping of NSE employees. Special Judge Sunena Sharma denied the relief, saying the stage was not set to allow the bail.
The Enforcement Directorate has also arrested former Mumbai Police Commissioner Sanjay Pandey in the alleged illegal phone tapping case.
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