Delhi Court sends ex-CP,Mumbai Sanjay Pandey to 9-day ED remand

Former Mumbai Police commissioner Sanjay Pander was sent to 9-day ED custody by a Delhi court on Wednesday in connection with a case filed under the Prevention of Money Laundering Act (PMLA) pertaining to phone tapping of National Stock Exchange (NSE) employees between 2009 and 2017 on the instruction of former NSE CEO and MD Chitra Ramkrishna. The Enforcement Directorate had filed a case and initiated a probe against Sanjay Pandey, NSE’s former chiefs Ravi Narain and Chitra Ramakrishna for their alleged involvement in snooping on certain people working with NSE.

Pandey was produced before a special ED court in Delhi after his arrest where the probe agency sought two-week custdoy of the former top cop, stating that he needs to be confronted along with the co-accused in the case. The ED informed that court that Sanjay Pandey formed a company- iSec Securities Private Limited and incorporated it in 2001. The ED alleged that when this firm was incorporated, Sanjay Pandey was still in service, even if he was not director of the company. Countering the allegations of ED, Sanjay Pandey told the court that the calls were being recorded for monitoring and analysis purposes. All machines were provided by NSE. He did not get any illegal machines or got any machines and was not part of any nexus. According to the FIR, former NSE heads Chitra Ramakrishna and Ravi Narain roped in a private firm to illegally snoop on NSE employees. The CBI and ED suspects that the duo wanted to find out if the employees were discussing or leaking exchange-related information