By Online Desk
The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officials.
According to sources, ED is investigating phone tapping and co-location matters. However, there is no clarity in which case ED has arrested Narain.
The anti-money laundering agency had registered a case against him, along with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey under criminal sections of the Prevention of Money Laundering Act (PMLA) on July 14.
Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed vice-chairman, in a non-executive category on the company’s board from April 1, 2013, to June 1, 2017.
Further details are awaited.
The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officials.
According to sources, ED is investigating phone tapping and co-location matters. However, there is no clarity in which case ED has arrested Narain.
The anti-money laundering agency had registered a case against him, along with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey under criminal sections of the Prevention of Money Laundering Act (PMLA) on July 14.
Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed vice-chairman, in a non-executive category on the company’s board from April 1, 2013, to June 1, 2017.
Further details are awaited.
