New Delhi: The Enforcement Directorate on Monday got a further four days remand of Chitra Ramkrishna, former MD and CEO in a money laundering case in alleged illegal phone tapping and snooping of employees of the stock exchange. She was produced before the court on Monday after ending of remand period granted earlier.
The Counsel appeared for Enforcement Directorate, while seeking further remand of Chitra Ramkrishna said, we have confronted her with 3 persons and certain revelations have come up during custody.
Special Judge Sunaina Sharma on Monday after taking note of the submissions of ED extended a further 4 days remand of Chitra Ramakrishna. Special Public Prosecutor Naveen Kumar Matta appeared for the Enforcement Directorate in the matter.
According to the ED, Chitra Ramkrishna is necessary to establish a money trail of
proceeds of crime and to gather crucial evidence. ED alleged that she was directly or indirectly indulging in or knowingly assisted in and was actually involved in all processes or activity connected with the proceeds of crime including its concealment, possession, acquisition or use and further in projecting or claiming it as untainted property.
ED lawyer earlier, submitted that custodial interrogation of the Chitra Ramkrishna is essential to further determine her own role as well as that of various other persons who facilitated the offence of money laundering and to determine the entire modus operandi employed for the generation of proceeds of crime and projection thereof as licit payment for ‘Periodic Study of Cyber Vulnerabilities’ of NSE.
ED lawyer further submitted that custodial interrogation of Chitra Ramkrishna is essential to establish a money trail of Proceed of Crime as well as projection thereof as she may be required to be confronted with the other suspects named in the impugned FIR. She is also required to be confronted with various documents collected during the course of investigation.
ED further submitted that custodial interrogation of Chitra Ramkrishna is necessary to ascertain her complicity with other key players involved in laundering the proceeds of crime, her relationship and modus operandi adopted with such other persons.
Following the orders of the Ministry of Home Affairs (MHA), the Central Bureau of Investigation (CBI) last week registered a fresh case in an alleged National Stock Exchange (NSE) co-location scam that involves phone tapping of NSE employees.
The fresh FIR mentioned the names of former NSE Chief Chitra Ramakrishna, Ravi Narain and former Mumbai Commissioner Sanjay Pandey for allegedly tapping phones of NSE officials and other irregularities. Pandey is a 1986-batch Indian Police Service (IPS) officer who retired from service on June 30.
During the investigation, it has been found that Pandey is closely related to the functioning and activities of a company called iSec Securities Pvt. Ltd. The company had conducted a security audit of NSE around the time the alleged co-location irregularities have taken place. The company was incorporated by Pandey in March 2001 and he quit as its director in May 2006. His son and mother took over the charge of the company.
It has been alleged that illegal phone tapping of NSE employees was done between 2009-17. -ANI
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Also read: Fresh CBI case against ex-NSE chief, former Mumbai top cop Sanjay Pandey for phone-tapping