[ad_1]
NEW DELHI : The enforcement directorate (ED) has summoned former Mumbai police commissioner Sanjay Pandey in a cash laundering case, an official of the central company mentioned on Sunday. Pandey is scheduled to seem earlier than the ED on Tuesday.
The summons had been despatched on Saturday to Pandey, who retired from the police power on June 30, mentioned the official, however didn’t disclose for which case that they had been issued. Nevertheless, sources declare that the retired Indian Police Service officer has been summoned in reference to the Nationwide Inventory Alternate (NSE) co-location case.
Pandey was unavailable for remark, however the official mentioned the previous police commissioner might seem earlier than the anti-money laundering company in Delhi.
The co-location case revolves round alleged unfair benefit to some stockbrokers of NSE over others. This was allegedly achieved via sooner entry to data on inventory costs broadcast by the bourse’s buying and selling system, leading to sooner execution of trades. The Securities and Alternate Board of India has imposed a penalty of ₹7 crore on NSE in reference to the case.
[ad_2]
Source link
