1. Home
  2. Crime
  3. NSE phone tapping case: CBI takes custody of former Mumbai Police Commissioner Sanjay Pandey

NSE phone tapping case: CBI takes custody of former Mumbai Police Commissioner Sanjay Pandey

On Saturday, The Central Bureau of Investigation (CBI) has arrested former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping on stock exchange employees.

By Priyanka Verma 
Updated Date

New Delhi: On Saturday, The Central Bureau of Investigation (CBI) has arrested former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping on stock exchange employees. He was earlier arrested by the ED and is currently in judicial custody.

Also Read :- Indian student, 20, dies after colliding with pickup truck in Canada

A Delhi court has also granted 4-day CBI remand of Sanjay Pandey saying that the central investigating agency has sufficient grounds to proceed with the probe. At the same time, former NSE CEO Ravi Narayan is also in the custody of ED. He was taken into custody in connection with the money laundering case related to the NSE scam and illegal tapping of phones of exchange employees. The ED had on July 14 registered a case under PML against Narayan, former NSE chief Chitra Ramakrishna and Mumbai Police Commissioner Sanjay Pandey. The CBI had earlier registered a case against these three.

Former Mumbai Police Commissioner Sanjay Pandey is being investigated on suspicion of using the tapped phone conversations by some of the accused in the money laundering case who may have benefitted from these illegally recorded conversations.

Earlier, the ED filed its charge sheet before a Delhi court against former NSE chief Chitra Ramakrishna, its ex-MD Ravi Narain and Sanjay Pandey. The Enforcement Directorate in July told a court that Sanjay Pandey had resigned from service in April 2000. There was litigation between 2001 and 2006 about his service. Later, he applied for VRS (Voluntary Retirement Service) in 2007, which he withdrew in October 2008.

ALL ABOUT THE CASE

Also Read :- J&K: Former CM Mehbooba Mufti asked to vacate her allotted residence in Anantnag within 24 hours

Former NSE heads Chitra Ramakrishna and Ravi Narain roped in a private firm to illegally snoop on NSE employees, the FIR in the case alleged. The CBI and the ED suspect that the two wanted to find out if the employees were discussing or leaking exchange-related information.

It has been alleged that Sanjay Pandey’s company iSec Services received around Rs 4.45 crore as a contract amount. The alleged snooping took place from 2009 to 2017, coincidentally the same period when the co-location scam took place. The snooping machine was later disposed of as e-waste by the NSE.

The CBI also searched 18 premises of the accused in Mumbai, Pune, Kota, Lucknow, and Delhi-NCR, including Sanjay Pandey’s home.

Further reading:
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...