ED questions ex Mumbai CP Sanjay Pandey in NSE co-location case

The Directorate of Enforcement (ED) on Tuesday questioned former Mumbai police commissioner Sanjay Pandey for over five hours in a money-laundering probe linked to the alleged co-location scam at the National Stock Exchange.

Pandey, a 1986-batch IPS officer who retired on June 30, was asked to join the probe on July 5 at the agency's Delhi office.

According to people in the know, the Central Bureau of Investigation (CBI) had during its ongoing investigation into the NSE co-lo scam found certain alleged acts of omission and commission on the part of Isec Services Pvt Ltd, a firm linked to Pandey's family members which NSE had hired to carry out an audit between 2010 and 2015.


The bourse extended the alleged co-location facility during the same period when certain brokers allegedly received preferential access to its servers and made windfall gains. The ED is probing the money-laundering angle in the co-location case.

Pandey was not immediately available for comment.

Appointed as city police commissioner in February by the then MVA government, Pandey had earlier been summoned by the CBI as a witness in a corruption case against Maharashtra's former home minister Anil Deshmukh.