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Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?

The case pertains to hiring private firm iSec Services to allegedly tap the phones of NSE employees

NSE Vice-Chairman Ravi Narain, NSE, Ravi Narain
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NSE Vice-Chairman Ravi Narain

BS Reporter New Delhi
The Enforcement Directorate (ED) on Tuesday arrested Ravi Narain, former chief of the National Stock Exchange of India (NSE), in connection with a money laundering case involving the appointment of a private firm that allegedly tapped phones of the country's top bourse’s employees.

What is the case?

Narain’s arrest by the ED is based on an FIR filed by the Central Bureau of Investigation (CBI), which has already booked former Mumbai police commissioner Sanjay Pandey and Narain’s successor at the NSE Chitra Ramkrishna in the matter pertaining to alleged phone tapping at NSE. A private firm iSec Services, which allegedly

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