02 October 2015

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AgustaWestland Chopper Scam ED attaches assets

AgustaWestland Chopper Scam ED attaches assets of ex-IAF chief's S P Tyagi Relatives
The Enforcement Directorate (ED) has attached assets in the name of cousins of former IAF chief S P Tyagi in connection with its money laundering probe into the Rs 3,600 crore VVIP choppers deal.

ED in its order said its investigations found that the 'proceeds of crime' of this deal were allegedly used by Tyagi brothers, Sanjeev, Sandeep and Rajeev in the acquisition of these properties which have now been seized under law.

ED in its statement said that five immovable properties of Tyagi brothers worth Rs 6.20 crore have been provisionally attached

The attached assets include
1-a flat in Phase-V in Gurgaon,
2-two others in Sector-50 of Noida,
3-one such property in the upmarket K G Marg area of Delhi
4- 5th-floor flat in a business centre in Kaushambi in adjoining Ghaziabad.

ED had registered a criminal case in this deal last year under the Prevention of Money Laundering Act (PMLA)
Ed has said that about Rs 423 crore (58 million Euro) was allegedly paid by European businessmen Christian Michel, Carlo Gerosa and Guido Haschke to swing the deal in favour of AgustaWestland in UK, a subsidiary of Ms Finmeccanica, Italy.

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Friday, October 2, 2015

Tags – ED Chopper Scam AgustaWestland UK