"msvci70.dll (Microsoft® C++ Runtime Library) is a component from the software Microsoft® Visual Studio .NET version 7.0.0 by Microsoft Corporation. msvci70.dll version 7.0.0 is most commonly found under the directory "system32" with a creation date of January 5, 2002. This is not a known spyware, adware, or trojan component.

ProcessList

Why it would appear where it has I have no idea but based on numerous references to this file, it should be safe to delete assuming there is a copy in the /system32 file folder.