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ED Arrests Former NSE CEO, MD Ravi Narain In Phone Tapping Case

In the instant case registered under the Prevention of Money Laundering Act 2002 the allegations against Narain were that he had been involved in the phone tapping case as well. He was in office as the CEO and MD of the NSE from 1994 to 2013.

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Enforcement Directorate

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The Enforcement Directorate arrested former CEO and Managing Director of the National Stock Exchange (NSE) Ravi Narain on September 6 in the money laundering probe relating to phone tapping.

Chitra Ramakrishna, successor of Narain, was arrested by ED in March in the case which pertained to 'co-location scam' which occurred while she held office as the CEO and MD of the exchange.

Central Bureau of Investigation commenced with its investigation into the phone tapping case whereby it was alleged that phones of employees of the exchange were tapped.

ED had also arrested former Mumbai Police Commissioner Sanjay Pandey in the instant case. It was alleged by the ED that an IT firm which had its links with Pandey had tapped phones illegally in the garb of Period Study of Cyber Vulnerabilities.

In the instant case registered under the Prevention of Money Laundering Act 2002 the allegations against Narain were that he had been involved in the phone tapping case as well. He was in office as the CEO and MD of the NSE from 1994 to 2013.

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Enforcement Directorate (ED) national stock exchange RAVI NARAIN Phone tapping case