The ED has arrested former NSE MD and CEO, Ravi Narain in an illegal phone tapping case.
The Enforcement Directorate has arrested former National Stock Exchange (NSE) chief Ravi Narain in connection with the illegal phone tapping case. Ravi Narain was summoned for an interrogation in Delhi by the probe agency.
Sources say that Ravi Narain was not cooperative during his probe by ED officials and based on the evidence against him, he was held under arrest on the evening of Tuesday. Ravi Narain, the then Chief Executive Officer, was associated with the NSE between the years 1994 and 2013 in different positions.
Earlier, former Mumbai Police Commissioner Sanjay Pandey was arrested by the ED. Another NSE chief, Chitra Ramakrishna, was also questioned by the ED in connection with this case. She is already in the custody of the probe agency.
The ED had initiated a money laundering probe based on an FIR lodged by the Central Bureau of Investigation.
In the case at hand, the probe agency registered a case against New Delhi-based ISEC Services Private Limited, the officials and directors, including Santosh Pandey, Anand Narayan, Armaan Pandey, Manish Mittal, Naman Chaturvedi (then Sr Information Security Analyst), including former Mumbai Police Commissioner Sanjay Pandey, along with NSE’s former chiefs Ravi Narain, Chitra Ramakrishna, Ravi Varanasi (then Executive Vice President), Mahesh Haldipur (then Head Premises) and unknown others.