Chitra Ramakrishna, another former managing director of the exchange, is in custody and being investigated in the case, as is former Mumbai commissioner of police Sanjay Pandey.
Former NSE CEO Ravi Narain sent to two-day ED remand pakistantelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistantelegraph.com Daily Mail and Mail on Sunday newspapers.
Sources in the directorate confirmed the arrest had taken place earlier today of the former managing director and chief executive officer of India's largest stock exchange, a position he held from 1994 to 2013.