India News | ED Arrests Former NSE CEO Ravi Narain in Money-laundering Case
Get latest articles and stories on India at LatestLY. The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said.
New Delhi, Sep 6 (PTI) The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said.
His role is being investigated by the federal probe agency as part of two criminal cases linked to the bourse – the alleged co-location 'scam' case and the purported illegal phone tapping of employees.
Narain is understood to have been arrested in the tapping case under the criminal sections of the Prevention of Money Laundering Act (PMLA).
The ED earlier had arrested another former National Stock Exchange (NSE) MD and CEO Chitra Ramkrishna in the alleged phone tapping case while the CBI, which is parallely probing these cases, had arrested her in the co-location case.
Also Read | Bengaluru: Flight Operations at Kempegowda International Airport Return to Normal.
The Enforcement Directorate has also arrested former Mumbai Police Commissioner Sanjay Pandey in the alleged illegal phone tapping case.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)