The CBI believed that former NSE executives Chitra Ramakrishna and Ravi Narain were interested in learning whether the staff members were talking about or leaking exchange-related information.
Digital Desk: The former CEO of the National Stock Exchange (NSE), Chitra Ramkrishna has been granted bail by the Delhi High Court on Thursday in a case involving money laundering and the alleged unauthorised phone tapping of NSE personnel. Her phone-tapping case bail had previously been approved by a Delhi court.
What is the case?
When rejecting bail in the money laundering case previously, a Delhi High Court judge claimed that the cyber security company iSec made Rs 4.54 crore by illegally tapping the phones of NSE employees. In the past, the company illegally eavesdropped on NSE employees' phone calls while posing as a regular study of cyber vulnerabilities.
The judge claimed that by enabling iSec to gain from the unlawful behaviour, NSE suffered a financial loss. Former Mumbai Police Commissioner Sanjay Pandey represented the private company when the agreement was reached between NSE representatives and iSEC.
The CBI believed that former NSE executives Chitra Ramakrishna and Ravi Narain were interested in learning whether the staff members were talking about or leaking exchange-related information.
In March 2022, the Central Bureau of Investigation (CBI) detained Chitra Ramkrishna. She was arrested in Delhi after a court denied her request for anticipatory release. Between 2013 to 2016, she was the CEO of NSE.
The alleged spying allegedly occurred between 2009 and 2017, which is also the same same time frame as a co-location scam. The NSE later disposed of the spying device as electronic rubbish.
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