ED questions ex-Mumbai CP Sanjay Pandey in NSE co-location case
Former Mumbai police commissioner Sanjay Pandey appeared before the Enforcement Directorate in Delhi on Tuesday for questioning in a money laundering case linked to the alleged National Stock Exchange (NSE) co-location scam.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
The 1986-batch Indian Police Service (IPS) officer retired from service on June 30. Before his four-month stint as Mumbai’s commissioner of police beginning March 1, he served as acting Maharashtra director general of police (DGP).
Pandey’s questioning by the ED is related to the functioning and activities of a company called iSec Securities Pvt. Ltd, one firm amongst a few others that conducted a security audit of NSE around the time the co-location irregularities are alleged to have taken place.
The company was incorporated by Pandey in March 2001 and he quit as its director in May 2006. His son and mother took over charge of the company.
The ED wants to understand the mandate, operations and results achieved by the company while it worked with the NSE, officials said.
The agency has already recorded former NSE managing director and chief executive officer Chitra Ramkrishna’s statement in connection with the case.
Ramkrishna is lodged in Tihar jail. She and former group operating officer Anand Subramanian were arrested by the Central Bureau of Investigation (CBI) in
March in the NSE co-location scam case. The ED took cognisance of this CBI complaint to press money laundering charges against them.
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