CBI wanted to know about Ken Fong’s letters: Sucheta Dalal on NSE scam probe

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Dalal appeared before an investigation agent on July 16 and recorded his statement. His name appeared during the fraud investigation.

(In the report Ians dated July 18, it was wrong to be mentioned that Sucheta Dalal was asked by ED not CBI)

In his statement to the media, Dalal said he had told everything to CBI, adding that CBI SP Abhinav Khare and Pushpal Paul had contacted him to find information about this case.

Right before the New Delhi meeting, I was told that they wanted to record my statement before Pushpal Paul. When asking Mr. Khare, he told me that it was about ‘Ken Fong’. This is the name used by the reporter.

Indeed, most of the questions raised by CBI are about four letters Ken Fong. I have brought the four letters posted by Ken Fong to me from two different countries and showed a copy of CBI from my email to Sebi. Know who Ken Fong is. I don’t know who he is and I say firmly. I am also asked about the process we follow before writing articles and decisions to publish them. And have I asked to visit NSE before writing articles, “Dalal said in his statement.

He said that CBI asked if he knew Sanjay Pandey, a former Police Commissioner, whose company ISEC Services PVT Ltd was under the scanner where he answered firmly.

But I said that I had nothing to do with his business. CBI asked if I knew Ravi Narain, a former Director of NSE. I said that I knew him,” read the statement issued by Dalal.

He said that he told the investigators that he could not remember whether he introduced Pandey to Narain.

I said that I did not see why NSE or Ravi Narain would need a recommendation from me, when the Indian Securities and Exchange Council (SEBI) asked Pandey to investigate the National Securities Depository Ltd (NSDL) in 2005. NSDL is a subsidiary of NSE. Then NSE himself asked him to be part of the investigation committee in connection with trade errors, “he said.