Pandey is facing ED and Central Bureau of Investigation (CBI) FIRs alleging illegal tapping of phones of NSE employees by iSec Services Private Ltd, a company he founded, and violation of SEBI guidelines in conducting NSE’s system audit.
It is alleged that illegal tapping of MTNL phones was contrary to the Telegraph Act. For this purpose, ₹4.54 crore was paid which becomes proceeds of crime, it was contended.
Source: Barandbench
