NSE co-location case: ED questions former Mumbai Police Commissioner Sanjay Pandey for 3 hours

The Enforcement Directorate (ED) on July 18 questioned former Mumbai Police Commissioner Sanjay Pandey for three hours in connection with the National Stock Exchange (NSE)-co-location case.

The former commissioner has also been summoned to appear in the ED office for questioning on Tuesday, July 19.

On July 18, Delhi Court extended the remand of former NSE MD and CEO Chitra Ramakrishna for 4 days.

Earlier on July 15, the ED had summoned Pandey in the NSE-Co location case. He has been asked to appear before them in Delhi for questioning in a case of illegal phone tapping of NSE personnel.

Before July 8, following orders from the Ministry of Home Affairs (MHA), the Central Bureau of Investigation (CBI) registered a fresh case in the alleged NSE co-location scam that involved phone tapping of NSE employees. Later on the same day the agency also questioned Sanjay Pandey.

A senior CBI official said that searches are going on across the country.

The names of former NSE chief Chitra Ramakrishna, Ravi Narayan and former Mumbai commissioner Sanjay Pandey were mentioned in the latest First Information Report (FIR) for allegedly tapping phones of NSE officials and other irregularities.

Pandey is a 1986 batch Indian Police Service (IPS) officer who retired from service on June 30.

During the investigation, it has been found that Pandey is closely associated with the affairs and activities of a company named Isec Securities Pvt Ltd. Ltd.

The company had conducted a security audit of NSE at the time when the alleged irregularities took place.

Isec Securities Company was incorporated in March 2001 by Pandey and he stepped down as its director in May 2006. His son and mother took over the company. It is alleged that between 2009-17, illegal phone tapping of NSE employees was done.

(with inputs from ANI)

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