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CBI search at 18 locations, case registered against Ex MD, DMD & VP NSE Mumbai

By IndianMandarins- 09 Jul 2022

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New Delhi (09.07.2022): The CBI has registered a case against a private company based in New Delhi. It was alleged that from 2009 to 2017 the then MD, DMD, Executive Vice President and Head (Premises) of NSE and the said private company conspired to illegally intercept the telephones of NSE employees. The said company was allegedly conducting a ‘Periodic Study of Cyber Vulnerabilities' at NSE in the guise. It was alleged that the top officials of NSE issued Agreement / Work Orders in favour of the said private company and illegally intercepted the phone calls of its employees by installing machine/s, in contravention of provisions under Indian Telegraph Act.

No permission for this activity was taken from the Competent Authority as provided U/s 5 of the Indian Telegraph Act. No consent of the employees of NSE was also taken in this matter. It was also alleged that the transcripts of these calls were provided by said private company and received by the senior officials of NSE. An amount of approximately Rs 4.45 crore (approx.) was allegedly paid to the said private company for this activity. Searches were conducted at 18 premises of the accused including at Mumbai, Pune, Kota, Lucknow & Delhi/NCR etc.