Enforcement Directorate (ED) in a money-laundering probe linked to the NSE scam,Pandey, a 1986 batch officer who retired on 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 also been 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 the capacity of a witness
Pandey was not immediately available for comment.
The agencies are probing IPsec 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 official 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.