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In its money laundering investigation relating to the illegal tapping of phone lines of National Stock Exchange (NSE) employees by a firm founded by him, the Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey, according to people familiar with the development.

In the unauthorised phone tapping of NSE personnel between 2009 and 2017, which allegedly took place at the urging of former NSE managing director Chitra Ramkrishna, Pandey, who retired from service on June 30, was listed as the principal offender.

According to allegations, Pandey's family business, iSEC Services, which his son and wife took over after he resigned as director in 2006, received payment of 4.5 crore for the tapping that was passed off as a routine examination of cyber vulnerabilities at the NSE.