NEW DELHI: The Enforcement Directorate late on Tuesday night arrested Ravi Narain, former MD & CEO of the National Stock Exchange (NSE), in a money laundering case, in what marks a dramatic turn in investigations into the rigging of the operations of the bourse by its former executives and a group of traders.
Ravi Narain is being investigated in the NSE co-location scam and the alleged illegal phone tapping case in which former bourse head Chitra Ramakrishnan, former group operating officer Anand Subramanian, and former Mumbai police commissioner Sanjay Pandey have already been arrested.
