ED files chargesheet in NSE money laundering case

The Enforcement Directorate on Friday filed a chargesheet in Delhi Rouse Avenue Court in connection with National Stock Exchange NSE Money Laundering CaseThe chargesheet on Friday has been filed in the court of Special Judge Sunena Sharma The court fixed September 21 2022 for the arguments on the point of cognizance Advocate Naveen Kumar Matta represented ED in the caseThe chargesheet stated to have names of Chitra Ramkrishna Ravi Narain Both are former CEOs of NSE and Sanjay Pandey former Mumbai Police commissioner and a private firmMeanwhile the same court also decided to send Ravi Narain former CEO of NSE to Judicial Custody in the case He was arrested recently and was sent to two days remand on the last date of hearingAlso Read ED arrests former NSE CEO Ravi Narain in moneylaundering caseRavi Narain was arrested by Enforcement Directorate ED in August 2022 in connection with a money laundering case related to the alleged illegal phonetapping of the exchanges employees Ravi Narain is the third person arrested by ED in the caseEarlier the ED had arrested Chitra Ramkrishna also a former CEO of NSE and former Mumbai Police Commissioner Sanjay Pandey on the case Both are presently in Judicial CustodyThe Central Bureau of Investigation CBI recently registered a fresh FIR in the NSE CoLocation Case over the allegations of phone tappingFollowing the orders of the Ministry of Home Affairs MHA the Central Bureau of Investigation CBI registered a case in the alleged National Stock Exchange NSE colocation scam that involved the phone tapping of NSE employeesThe EDs FIR mentioned the names of former NSE Chief Chitra Ramakrishna Ravi Narain and former Mumbai Commissioner Sanjay Pandey for allegedly tapping the phones of NSE officials and other irregularitiesPandey is the 1986batch Indian Police Service IPS officer who retired on June 30 During the investigation it was found that Pandey is closely related to the functioning and activities of a company called iSec Securities Pvt LtdThe company had conducted a security audit of NSE around the time the alleged colocation irregularities have taken placeThe company was incorporated by Pandey in March 2001 and he quit as its director in May 2006 His son and mother took over the charge of the company It has been alleged that illegal phone tapping of NSE employees was done between 200917This story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever