Former NSE CEO Chitra Ramakrishna Was Arrested
Former NSE CEO Chitra Ramakrishna was arrested, ED gets 4-day remand: Illegal phone tapping.
The Enforcement Directorate (ED) on Thursday arrested Chitra Ramakrishna, former CEO of the National Stock Exchange (NSE). Four days of remand have also been given to ED from the court.
Earlier, the ED registered a money laundering case against former Mumbai Police Commissioners Sanjay Pandey, Chitra Ramakrishna, and Ravi Narayan in the illegal phone tapping case and espionage of stock exchange employees.
The ED has registered a case under criminal sections of the Prevention of Money Laundering Act (PMLA), 2002.
The ED registered a case against Chitra Ramakrishna, Ravi Narayan, and Sanjay Pandey a week after they were booked by the Central Bureau of Investigation (CBI).
What are the allegations in the FIR?
According to a report, in the recently registered FIR, CBI had alleged that Ravi Narayan and Chitra Ramakrishna had illegally intercepted phone calls of stock market employees, retired Mumbai Police Commissioner Sanjay Pandey.
A company incorporated by iSEC Services Pvt Ltd.
The FIR also alleged that Sanjay Pandey’s company had received a payment of ₹4.45 crore for allegedly tapping the phones of stock exchange employees.
It is said that the phone tapping was disguised as a “Periodic Study of Cyber Vulnerabilities” in the NSE.
It has also been alleged that not only the phone tapping, but Sanjay Pandey’s company also provided the tapes of the taped conversations to the senior management of the stock market.
Illegally tapped phones with machines.
In a statement, the CBI had said, “the top officials of NSE have issued settlement and work order in favor of the said private company and illegally intercepted the phone calls of its employees by installing machines, in contravention of the provisions of the Indian Telegraph Act.
“Consent of the employees of NSE was also not taken in this matter.”
The probe agency had named Sanjay Pandey, his Delhi-based company, Narayan and Ramakrishna, former MD and CEO of NSE, executive vice president Ravi Varanasi and head (campus) Mahesh Haldipur in the FIR.
