CBI sources told news agency ANI, “CBI searches underway across India on the orders of MHA. The agency registered a fresh case against ex-NSE chief Chitra Ramkrishna, Ravi Narain and former Mumbai commissioner Sanjay Pandey for allegedly tapping phones of NSE officials and other irregularities.”
Senior advocate Vikas Pahwa, appearing for Subramanian, argued that no purpose would be achieved by the continued incarceration of his client who has spent more than four months in jail in the case which was registered four years ago.
Pandey is being questioned by the ED over the activities of iSec Securities Pvt. Ltd., among the many companies that performed a security audit of the NSE around the time the suspected co-location irregularities occurred.