Earlier, Mumbai Police Commissioner Sanjay Pandey and Chitra Ramkrishna, the former NSE chairman, were detained in the unlawful phone tapping case in July of this year
The Enforcement Directorate detained Ravi Narain, former managing director and CEO of the NSE, late Tuesday night in connection with unlawful phone tapping at the exchange. He will be brought before a special court for detention tomorrow.
In July, the ED filed an Enforcement Case Information Report (ECIR) against former Mumbai police commissioner Sanjay Pandey and former NSE executives for allegedly tapping workers’ phones between 2009 and 2017.
This is the second instance being investigated by the investigative agency, which is looking into possible money laundering violations in the colocation fraud. This is the first time Narain has been detained, despite the fact that the anomalies at the NSE have been under investigation for five years.
Earlier, Mumbai Police Commissioner Sanjay Pandey and Chitra Ramkrishna, the former NSE chairman, were detained in the unlawful phone tapping case in July of this year. The Central Bureau of Investigation (CBI) originally detained Ramkrishna in the colocation case in March of this year.
In the current investigation, the investigating agency filed a complaint against New Delhi-based ISEC Services Private Limited, its officials and directors, including Santosh Pandey, Anand Narayan, Armaan Pandey, Manish Mittal, Naman Chaturvedi (then Sr. Information Security Analyst), former Mumbai Police Commissioner Sanjay Pandey, and NSE’s former senior officers, Ravi Narain, Chitra Ramakrishna, Mahesh Haldipur, who was head of premises at the time, Ravi Varanasi, and unidentified others.