New Delhi, Sep 25 (TIWN) The Central Bureau of Investigation (CBI) have arrested former Mumbai Police Commissioner Sanjay Pandey in connection with a case pertaining to alleged phone tapping of National Stock Exchange (NSE) employees between 2009 and 2017.

Pandey was already in the judicial custody of the Enforcement Directorate in connection with probes against him. The Central Bureau of Investigation (CBI) approached a special CBI court here seeking his custody in connection with the tapping case. The court granted four-day custody of the accused to the probe agency, they said.

The agency has booked Pandey, his Delhi-based company iSec Services Pvt Ltd, NSE officials -- former MD and CEOs Ravi Narain and Chitra Ramkrishna, executive vice president Ravi Varanasi and head (premises) Mahesh Haldipur -- among others, in the FIR.

The CBI has alleged that during 2009-17, Narain, Ramkrishna, currently in judicial custody in the NSE co-location scam, Varanasi and Haldipur conspired to illegally intercept the telephones of National Stock Exchange (NSE) employees for which they hired iSec Services Pvt Ltd, founded by Pandey in 2001.  

The company received a payment of Rs 4.45 crore for the illegal tapping which was camouflaged as "Periodic Study of Cyber Vulnerabilities" at NSE, it alleged. The company also provided transcripts of the tapped conversations to senior management of the stock market, the FIR alleged.