<span style="color: #222222;">Enforcement Directorate has arrested former Mumbai Police Commissioner Sanjay Pandey in connection with National Stock Exchange (NSE) co-location scam. The ED had earlier found that a firm linked to former Mumbai Police Commissioner Sanjay Pandey allegedly tapped the phones of as many as 91 office-bearers of NSE. In March 2001, Sanjay Pandey had incorporated a company called iSec Securities Pvt. Ltd which conducted a security audit of NSE, allegedly at the directions of managing director and CEO Chitra Ramkrishna and Ravi Narain, around the time when co-location irregularities purportedly took place.<br />''<br />''Two more cases were registered against the former Mumbai Police Commissioner, NSE's Chitra Ramkrishna, and Ravi Narain in connection with the illegal phone tapping case and co-location scam on Monday. One case in relation to which the arrest has been made was registered by the ED, while the other was lodged by the CBI.</span><br />