ED arrests former NSE MD and CEO Ravi Narain in money-laundering case
1 min readBy Online Desk
The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officers.
According to sources, ED is investigating cellphone tapping and co-location issues. However, there isn’t a readability during which case ED has arrested Narain.
The anti-money laundering company had registered a case towards him, together with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey underneath prison 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 class on the corporate’s board from April 1, 2013, to June 1, 2017.
Further particulars are awaited.
The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officers.
According to sources, ED is investigating cellphone tapping and co-location issues. However, there isn’t a readability during which case ED has arrested Narain.
The anti-money laundering company had registered a case towards him, together with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey underneath prison 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 class on the corporate’s board from April 1, 2013, to June 1, 2017.
Further particulars are awaited.
