Earlier, the order was reserved by Judge Sunena Sharma, who heard the arguments on behalf of the ED as well as the accused.
During the hearing, the ED had opposed the bail plea, claiming that the investigation was ongoing in the matter and she was “directly or indirectly” indulging in the crime.
According to the ED, during the year 2009 to 2017, former NSE CEO Ravi Narain, Ramkrishna, Executive Vice President Ravi Varanasi, and Head (Premises) Mahesh Haldipur and others conspired together to cheat NSE and its employees and for said purpose, iSEC Services Pvt Ltd was engaged for illegal interception of phone calls of employees of NSE in the guise of Periodic Study of Cyber vulnerabilities of NSE.
“The top officials of NSE issued agreement/work orders in the guise of Periodic Study of Cyber Vulnerabilities of NSE in favour of iSEC Services Pvt. Ltd., represented by former Mumbai Police Commissioner Sanjay Pandey, and illegally intercepted the phone calls of its employees by installing an illegal machine without seeking the requisite permission from the competent authority as mandated under the law.
Further, no consent of the employees of NSE was taken in this matter, it added.
“Transcripts of these calls were provided by iSEC and received by the officials of NSE at the top level in breach of confidentiality and L privacy of employees of NSE and thereby, caused wrongful gain of Rs 4.54 crore to iSEC as payment for this task and corresponding wrongful loss to NSE,” PTI quoted agency as saying.
The court had recently refused bail to former Mumbai Police Commissioner Sanjay Pandey in the case.
(With inputs from agencies)