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HomeNewsNSE probe: ED issues summons against ex-Mumbai police commissioner Sanjay Pandey

NSE probe: ED issues summons against ex-Mumbai police commissioner Sanjay Pandey

Days after his retirement, former IPS officer and Mumbai police commissioner, Sanjay Pandey has been summoned by the

Enforcement Directorate (ED) in a money laundering probe linked to the NSE scam.

Pandey, a 1986 batch officer who retired in June 30 has been asked to join the probe on July 5 at the agency’s Delhi office.

In February Pandey was appointed as the commissioner when the erstwhile MVA government was in power. He had been also summoned by the Central Bureau of Investigation (CBI) in a corruption case linked to former State home minister, Anil Deshmukh. However in the said case he was called in in the capacity of a witness

Pandey wasn’t immediately available for a comment.

The agencies are probing Isec Services Private Limited, a firm linked to Panety’s family members in connection with its probe into the NSE scam.

“The firm was roped in to carry out audit between 2010 to 2025 but failed to raise red flags,” said an officer close to the probe.

Former top NSE officials Chitra Ramkrishna, Ravi Narain and Anand Subramanian are among the others who were arrested in the case by the CBI. The agency has also arrested Sanjay Gupta, the managing director of OPG Securities, in the NSE co-location case.

The central agency had conducted search operations at Gupta’s brokerage, among at least 10 others, recently as part of the case.

According to sources, the CBI has managed to unearth a cartel that allegedly ‘helped Gupta in approaching Sebi officials’ while the capital markets regulator was conducting its probe into the NSE algorithm scam between 2015 and 2018.

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