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ED arrests former MD and CEO of NSE Chitra Ramakrishna, sent to 4-day remand by the court

By Priyanka Verma 
Updated Date

New Delhi: The Enforcement Directorate (ED) has arrested Chitra Ramakrishna, former MD and CEO of National Stock Exchange (NSE). The arrest was made in connection with a money laundering case involving illegal phone tapping and espionage of stock exchange employees. At present, a Delhi court has sent Chitra Ramakrishna to ED custody for 4 days.

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Let us tell you that the ED had registered a case against former Mumbai Police Commissioner Sanjay Pandey, Chitra Ramakrishna, Ravi Narayan under criminal sections of the Prevention of Money Laundering Act (PMLA). In this case, action has been taken against Chitra Ramakrishna. Ramkrishna (59), who served as NSE’s CEO between 2013 and 2016.

Recently a case was also registered by the CBI. The CBI had alleged that apart from Ravi Narayan, Chitra Ramakrishna illegally tapped phone calls of stock exchange employees to a company set up by Pandey, the now retired police commissioner of Mumbai. After this, the ED also registered a case.

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, Sanjay Pandey’s company also provided the tapes of the taped conversations to the senior management of the stock market.

However, this is not the first time that Chitra Ramakrishna has been nabbed by an investigative agency. In March, Chitra Ramakrishna was arrested by the CBI in connection with the co-location scam case.

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