ED Raids Multiple Cities In IAF Pilatus Jet Money Laundering Case

Final July, the Defence Ministry had suspended all offers with Pilatus Plane Restricted for one yr.

New Delhi:

The Enforcement Directorate (ED) at the moment raided a minimum of 14 premises, together with a dozen in Delhi and one every in Gurugram and Surat, in reference to a cash laundering case linked to the alleged corruption within the buy of 75 Pilatus primary coach plane for the Indian Air Power in 2009.

The raids have been in reference to a case filed by the CBI within the Rs 2,895-crore Pilatus deal. The case, filed in June final yr, names lacking arms guide and alleged intermediary Sanjay Bhandari, unidentified officers of the Indian Air Power, the Defence Ministry and Switzerland-based Pilatus Plane Restricted on this case.

In July, the Defence Ministry had suspended all enterprise dealings with Pilatus Plane Restricted for one yr following fees of cost of kickbacks. 

“Bhandari, who’s said to be within the UK, is being probed for alleged cash laundering and unlawful asset creation below the Prevention of Cash Laundering Act,” officers mentioned, including that the ED is ready to provoke extradition proceedings in opposition to him.

He’s additionally going through separate probes by the ED and the CBI for corruption and alleged possession of undeclared property in India and overseas.

In June 2010, Swiss Firm Pilatus – one of many bidders – conspired with Bhandari and one other director at Offset India Options Non-public Restricted to signal an settlement for supplying 75 primary Coach Aircrafts to the Indian Air Power, in violation of the Defence Procurement Process, the CBI has alleged.

In November, Pilatus went on to signal a pact with the Defence Ministry by allegedly concealing its service supplier settlement with Bhandari.

Pilatus bagged the contract on Might 24, 2012 for Rs 2,895.63 crore.

The CBI mentioned it’s suspected {that a} fee was paid to affect IAF officers, the Ministry of Defence and different authorities departments, related to the procurement.

The company added that Pilatus allegedly hid funds made to Bhandari’s firms in India and Dubai as he routed cash by means of buy of varied firms and money transactions involving one Deepak Aggarwal and one Himanshu Verma.

“There’s a sturdy suspicion that money quantity (Rs 25.5 crore) was a part of the fee quantities paid by Pilatus Aircrafts Restricted to Bhandari to acquire the contract,” the CBI alleged.

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