In a fresh development to the Illegal NSE Phone Tapping case, CBI has arrested Sanjay Pandey, Former Mumbai Police Commissioner
Pandey appeared before the court and was sentenced to four days in CBI custody.
Earlier he was arrested by the Enforcement Directorate had in the NSE co-location and phone tapping case.
Notably, the ED had filed a case and launched a probe against Sanjay Pandey, as well as NSE’s previous chiefs Ravi Narain and Chitra Ramakrishna, for their alleged involvement in snooping on certain exchange employees.
The Enforcement Directorate in.July had informed a court that Sanjay Pandey had resigned from the service in April 2000. Between 2001 and 2006, there was litigation regarding his service. Later, in 2007, he applied for VRS (Voluntary Retirement Service), which he withdrew in October 2008.
The Court was informed that Sanjay Pandey formed a company, iSec Securities Private Limited, in 2001. He was still employed when this firm was formed, even though he wasn’t a director of the company.
As per ED, Pandey attended office meetings and was indirectly influencing company operations, and that the contract was only a sham. The deal with NSE is a criminal pact, and MTNL phone lines were tapped, according to the ED, who claims that the proceeds of crime in this instance total Rs 4.54 crore.
Reportedly, Sanjay Pandey’s company, iSec Services, obtained a contract worth around Rs 4.45 crore. The alleged snooping happened between 2009 and 2017, coincidentally during the co-location scam. The NSE later disposed the snooping machine as e-waste.
The CBI also searched 18 of the accused’s homes in Mumbai, Pune, Kota, Lucknow, and Delhi-NCR, including Sanjay Pandey’s.
News Edit: K.V.Raman