New Delhi: On Friday, The Central Bureau of Investigation (CBI) has booked former Chief Executive Officers (CEOs) of National Stock Exchange (NSE) Chitra Ramakrishna and Ravi Narayan, former Mumbai Police Commissioner Sanjay Pandey and others between 2009 and 2017 for allegedly one- A case has been registered for tapping the phones of exchange employees with the connivance of others. People familiar with the matter said this information was given.
According to the report the CBI action has been taken after the complaint of the Union Home Ministry. The Central Bureau of Investigation (CBI) is conducting searches at several locations in Mumbai, Pune, and other cities in connection with the FIR against Pandey on Friday, officials said.
Pandey was the Mumbai Police Commissioner for four months before retiring on June 30. He also served as the acting Director General of Police of Maharashtra.
The CBI and ED have been probing the co-location scam since 2018. Several stockbroking companies reportedly got preferential access to NSE servers when Ramakrishna was the CEO of the exchange between 2010 and 2015. Access provided them with faster data and allowed them to receive it. “an unfair advantage”.
Ramakrishna was appointed as the Joint Managing Director of NSE in 2009. She took over as Managing Director and CEO in April 2013 and remained there till 2016. The co-location scam reportedly took place during this period.
The agency had earlier this year arrested Ramakrishna and Anand Subramaniam, former operating officer of the NSE group.