Report Wire - NSE case: Ex-Mumbai high cop Sanjay Pandey denied bail

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NSE case: Ex-Mumbai high cop Sanjay Pandey denied bail

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NSE phone tapping case: Ex-Mumbai police chief Sanjay Pandey moves court for bail

By IANS

NEW DELHI: A Delhi court docket on Thursday denied bail to former Mumbai Police Commissioner Sanjay Pandey, who was arrested in reference to a cash laundering case pertaining to the telephone tapping of the staff of the National Stock Exchange (NSE) between 2009 and 2017, allegedly on the directions of NSE’s former CEO and MD Chitra Ramkrishna.

Special decide Sunena Sharma dismissed the bail software of the previous police officer. On Tuesday, Pandey was despatched to judicial custody until August 16 in reference to the cash laundering case registered by the Enforcement Directorate (ED). He was arrested on July 19.

During the course of the listening to, Advocate Tanveer Ahmed Mir, who represented the petitioner, argued that his shopper was in actual fact a ‘whistleblower’ on the NSE.

Opposing the plea, Additional Solicitor General (ASG) S.V. Raju and Special Public Prosecutor N.K. Matta, appeared on behalf of the ED, and identified that Pandey is an influential individual.

Ramkrishna is already within the custody of ED in the identical case on the idea of an FIR registered by the CBI.

The case was lodged by the probe company on the instructions of the Union Ministry of Home Affairs. Earlier, the CBI had recorded Pandey’s assertion at CBI’s Mumbai-based headquarters.

After questioning, he was allowed to depart. The CBI had additionally carried out raids in Mumbai, Pune and in a number of different components of the nation in reference to the case.

“Pandey ran iSec Securities Pvt Ltd. It has been alleged that Ramkrishna used this firm to tap the phones of NSE’s employees. The phone calls made by NSE employees between 9 a.m. and 10 a.m. were tapped and recorded by iSec Securities. It has been alleged that Pandey helped in tapping the phone calls illegally,” sources mentioned.

NEW DELHI: A Delhi court docket on Thursday denied bail to former Mumbai Police Commissioner Sanjay Pandey, who was arrested in reference to a cash laundering case pertaining to the telephone tapping of the staff of the National Stock Exchange (NSE) between 2009 and 2017, allegedly on the directions of NSE’s former CEO and MD Chitra Ramkrishna.

Special decide Sunena Sharma dismissed the bail software of the previous police officer. On Tuesday, Pandey was despatched to judicial custody until August 16 in reference to the cash laundering case registered by the Enforcement Directorate (ED). He was arrested on July 19.

During the course of the listening to, Advocate Tanveer Ahmed Mir, who represented the petitioner, argued that his shopper was in actual fact a ‘whistleblower’ on the NSE.

Opposing the plea, Additional Solicitor General (ASG) S.V. Raju and Special Public Prosecutor N.K. Matta, appeared on behalf of the ED, and identified that Pandey is an influential individual.

Ramkrishna is already within the custody of ED in the identical case on the idea of an FIR registered by the CBI.

The case was lodged by the probe company on the instructions of the Union Ministry of Home Affairs. Earlier, the CBI had recorded Pandey’s assertion at CBI’s Mumbai-based headquarters.

After questioning, he was allowed to depart. The CBI had additionally carried out raids in Mumbai, Pune and in a number of different components of the nation in reference to the case.

“Pandey ran iSec Securities Pvt Ltd. It has been alleged that Ramkrishna used this firm to tap the phones of NSE’s employees. The phone calls made by NSE employees between 9 a.m. and 10 a.m. were tapped and recorded by iSec Securities. It has been alleged that Pandey helped in tapping the phone calls illegally,” sources mentioned.