[BREAKING] NSE Phone Tapping Case: Delhi High Court grants bail to Former Mumbai Police Commissioner Sanjay Pandey

Justice Jasmeet Singh of the Delhi High Court on Thursday granted bail to Former Mumbai Police Commissioner Sanjay Pandey in a money laundering case. Pandey was arrested in a money laundering case pertaining to the alleged illegal phone tapping and snooping of the National Stock Exchange (NSE) employees.

On August 4, Special Judge Sunena Sharma of the Rouse Avenue Court, Delhi had dismissed the bail plea of Pandey.

Pandey, who was arrested on July 19, 2022, has been accused of conspiring with former NSE MD Chitra Ramkrishna to cheat NSE and its employees between 2009 and 2017. It has been alleged that for the purpose of tapping, iSEC Services Pvt Ltd, a company associated with Pandey, was engaged in the illegal interception of phone calls of NSE employees. It is ED’s allegation that iSEC was paid huge sums of money for this purpose.

On August 2, the Rouse Avenue Court sent Pandey to judicial custody till August 16 in the same case. ED had earlier arrested former NSE MD Chitra Ramkrishna on July 14 after conducting her interrogation and taking permission she was produced from jail on an order passed by the judge.

The High Court on November 18 reserved the order on the bail application of former National Stock Exchange (NSE) Managing Director and CEO Chitra Ramkrishna.

Case Title: Sanjay Pandey v. Directorate of Enforcement