The Indian Enforcement Directorate (ED) ED moved an application in a Delhi court today seeking 14-day remand for former Mumbai Police commissioner Sanjay Pandey in connection with the National Stock Exchange (NSE) co-location scam case. He was produced before the Rouse Avenue Court after being arrested yesterday.
The probe agency also arrested former NSE CEO Chitra Ramkrishna in the case last week.
Pandey, who appeared before the ED for questioning in the money laundering case linked to the alleged illegal phone tapping of NSE employees, was taken into custody after more than seven hours of questioning in the case.
Pandey, a 1986-batch Indian Police Service (IPS) officer, retired from service on June 30. Before his four-month stint as Mumbai’s commissioner of police, he served as the acting Maharashtra director general of police. He is facing two ED and Central Bureau of Investigation FIRs — illegal interception of phones of NSE employees by iSec Services Private Ltd, a company founded by him, and violation of the Securities and Exchange Board of India guidelines in conducting NSE’s system audit.
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