Special Court Clears CBI In NSE Co-Location Case

A special court has accepted the CBI’s closure report in an NSE co-location scam offshoot involving ex-Mumbai police chief Sanjay Pandey’s firm ISec Services, which audited SMC Global and Shaastra Securities. The agency cited SEBI audit violations but found no criminal intent or NSE/SEBI complicity. The FIR, based on ED’s reference, flagged audit lapses.