By PTI
NEW DELHI: The Enforcement Directorate has filed a cash laundering grievance in opposition to ex-Mumbai Police Commissioner Sanjay Pandey and former NSE prime bosses Chitra Ramkrishna and Ravi Narain in reference to the alleged unlawful telephone tapping case of the inventory trade workers, officers stated Thursday.
It additionally positioned Ramkrishna, until now in judicial custody within the National Stock Exchange (NSE) colocation case linked to alleged manipulation of the bourse, below arrest.
A Delhi courtroom later granted the anti-money laundering probe company her custody for 4 days.
Pandey is known to have been summoned by the ED to seem earlier than the company on Friday in Delhi for questioning within the telephone tapping case, the officers stated.
The federal probe company filed the contemporary case below legal sections of the Prevention of Money Laundering Act (PMLA), every week after the CBI booked them.
The Central Bureau of Investigation had alleged that Narain and Ramkrishna, each former chief executives of NSE, had roped in an organization based by retired IPS officer Pandey to listen in on the inventory market workers by illegally intercepting their telephones calls.
The CBI, and now the ED, have named Pandey, his Delhi-based firm iSEC Services Pvt.
Ltd, NSE’s former MD and CEOs Narain and Ramkrishna, government vice chairman Ravi Varanasi and head (premises) Mahesh Haldipur, amongst others, of their respective complaints.
The ED will probe if any proceeds of crime have been generated by this alleged unlawful act and the accused laundered public funds.
Pandey, a 1986-batch Indian Police Service (IPS) officer, retired from service on June 30.
Before his four-month stint as Mumbai’s commissioner of police, he served as appearing Maharashtra director common of police (DGP).
He was questioned by the ED on July 5 within the alleged NSE colocation rip-off case in Delhi.
The ED found secret telephone surveillance whereas probing the alleged monetary irregularities on the NSE following which it reported it to the Ministry of Home Affairs (MHA), which requested the CBI to probe the fees, the officers stated.
The CBI had alleged in its grievance that throughout the interval 2009-17, Narain, Ramkrishna, Varanasi and Haldipur conspired to illegally intercept the telephones of NSE workers for which they employed iSEC Services Pvt Ltd, based by Pandey in 2001.
Pandey had included the corporate after resigning from service however his resignation was not accepted.
The firm allegedly obtained a fee of Rs 4.45 crore for unlawful tapping which was camouflaged as “Periodic Study of Cyber Vulnerabilities” on the NSE, the CBI alleged.
The firm additionally supplied transcripts of the tapped conversations to senior administration of the inventory market, it had claimed.
“Top officials of NSE issued agreement and work orders in favour of said private company and illegally intercepted the phone calls of its employees by installing machines, in contravention of provisions under Indian Telegraph Act,” a press release from the CBI stated.
Officials stated the interception was stopped in 2019, months after the CBI began probing the NSE colocation rip-off in 2018, and the machines and different infrastructure used for interception have been disposed of as e-waste by the bourse.
The alleged fraud pertains to manipulation of the inventory market by digital contrivances.
The CBI additionally performed raids final week within the telephone tapping case and claimed to have recovered unique transcripts, raid server, voice samples, two laptops containing proof associated to interception, payments generated for providers rendered by iSEC, amongst others, from the corporate premises.
They had stated 4 MTNL traces utilized by NSE workers having capability for 120 calls at a time have been below the scanner.
The CBI alleged that no permission for this exercise was obtained from the competent authority as supplied for below part 5 of the Indian Telegraph Act.
“No consent of the employees of NSE was also taken in this matter,” it stated.
The CBI has additionally listed as accused the then administrators of iSEC Services Pvt Ltd Santosh Pandey, Anand Narayan, Armaan Pandey, Manish Mittal, former Senior Information Security Analyst Naman Chaturvedi and Arun Kumar Singh.
The firm had executed the security audit across the time the colocation rip-off was alleged to have taken place.
NEW DELHI: The Enforcement Directorate has filed a cash laundering grievance in opposition to ex-Mumbai Police Commissioner Sanjay Pandey and former NSE prime bosses Chitra Ramkrishna and Ravi Narain in reference to the alleged unlawful telephone tapping case of the inventory trade workers, officers stated Thursday.
It additionally positioned Ramkrishna, until now in judicial custody within the National Stock Exchange (NSE) colocation case linked to alleged manipulation of the bourse, below arrest.
A Delhi courtroom later granted the anti-money laundering probe company her custody for 4 days.
Pandey is known to have been summoned by the ED to seem earlier than the company on Friday in Delhi for questioning within the telephone tapping case, the officers stated.
The federal probe company filed the contemporary case below legal sections of the Prevention of Money Laundering Act (PMLA), every week after the CBI booked them.
The Central Bureau of Investigation had alleged that Narain and Ramkrishna, each former chief executives of NSE, had roped in an organization based by retired IPS officer Pandey to listen in on the inventory market workers by illegally intercepting their telephones calls.
The CBI, and now the ED, have named Pandey, his Delhi-based firm iSEC Services Pvt.
Ltd, NSE’s former MD and CEOs Narain and Ramkrishna, government vice chairman Ravi Varanasi and head (premises) Mahesh Haldipur, amongst others, of their respective complaints.
The ED will probe if any proceeds of crime have been generated by this alleged unlawful act and the accused laundered public funds.
Pandey, a 1986-batch Indian Police Service (IPS) officer, retired from service on June 30.
Before his four-month stint as Mumbai’s commissioner of police, he served as appearing Maharashtra director common of police (DGP).
He was questioned by the ED on July 5 within the alleged NSE colocation rip-off case in Delhi.
The ED found secret telephone surveillance whereas probing the alleged monetary irregularities on the NSE following which it reported it to the Ministry of Home Affairs (MHA), which requested the CBI to probe the fees, the officers stated.
The CBI had alleged in its grievance that throughout the interval 2009-17, Narain, Ramkrishna, Varanasi and Haldipur conspired to illegally intercept the telephones of NSE workers for which they employed iSEC Services Pvt Ltd, based by Pandey in 2001.
Pandey had included the corporate after resigning from service however his resignation was not accepted.
The firm allegedly obtained a fee of Rs 4.45 crore for unlawful tapping which was camouflaged as “Periodic Study of Cyber Vulnerabilities” on the NSE, the CBI alleged.
The firm additionally supplied transcripts of the tapped conversations to senior administration of the inventory market, it had claimed.
“Top officials of NSE issued agreement and work orders in favour of said private company and illegally intercepted the phone calls of its employees by installing machines, in contravention of provisions under Indian Telegraph Act,” a press release from the CBI stated.
Officials stated the interception was stopped in 2019, months after the CBI began probing the NSE colocation rip-off in 2018, and the machines and different infrastructure used for interception have been disposed of as e-waste by the bourse.
The alleged fraud pertains to manipulation of the inventory market by digital contrivances.
The CBI additionally performed raids final week within the telephone tapping case and claimed to have recovered unique transcripts, raid server, voice samples, two laptops containing proof associated to interception, payments generated for providers rendered by iSEC, amongst others, from the corporate premises.
They had stated 4 MTNL traces utilized by NSE workers having capability for 120 calls at a time have been below the scanner.
The CBI alleged that no permission for this exercise was obtained from the competent authority as supplied for below part 5 of the Indian Telegraph Act.
“No consent of the employees of NSE was also taken in this matter,” it stated.
The CBI has additionally listed as accused the then administrators of iSEC Services Pvt Ltd Santosh Pandey, Anand Narayan, Armaan Pandey, Manish Mittal, former Senior Information Security Analyst Naman Chaturvedi and Arun Kumar Singh.
The firm had executed the security audit across the time the colocation rip-off was alleged to have taken place.
