A Delhi on Monday (July 18) extended former National Stock Exchange (NSE) chief Chitra Ramakrishna’s remand by four days in a money laundering case involving alleged phone tapping and snooping of employees of the stock exchange.

Ramakrishna was produced before Rouse Avenue Court by the ED following the expiry of her custodial remand. The agency said before the court that they wanted to confront her with others and therefore needed more time. After hearing the argument of both sides, the court extended her custodial remand by four days.

Last week, the Enforcement Directorate filed a money laundering complaint against ex-Mumbai Police Commissioner Sanjay Pandey and former NSE top bosses Ramkrishna and Ravi Narain in connection with an alleged case of money laundering and illegal phone-tapping to snoop on employees.

The investigative agency took Ramakrishna under custody after receiving approval from the Delhi court to probe the case. The action against her has reportedly been taken under provisions of the Prevention of Money Laundering Act (PMLA).

Earlier this month, the Central Bureau of Investigation (CBI) registered a case against Ramakrishna, Narain and Pandey for allegedly tapping phones of NSE employees between 2009 and 2017. The federal agency alleged that Narain and Ramkrishna had roped in a company founded by Pandey to snoop on the stock market employees by illegally intercepting their phones calls, news agency PTI had reported.

The CBI had quizzed Pandey in connection with an FIR registered by the central agency into illegal tapping of phones of NSE staff. Further, it had raided premises linked to Pandey, Ramkrishan and Narian, among others, after registering a fresh case against them in the co-location scam case.