18 July 2017

Pin It

AgustaWestland VVIP Chopper Scam Director Of 2 Dubai-Based Firms Arrested

AgustaWestland VVIP Chopper Scam Director Of 2 Dubai-Based Firms Arrested

The ED had registered a case in 2014 and had named 21 people, including the former IAF chief.

The Enforcement Directorate (ED) on Monday arrested Shivani Saxena the director of a Dubai-based company in its ongoing probe in the Rs 3,600 crore ($528 million) AgustaWestland VVIP helicopter case.

The accused was arrested in Chennai [ Madras]
She has been arrested under provisions of the Prevention of Money Laundering Act

Saxena was produced in the Court of Special Judge PMLA, which sent her to four days of ED custody.

This is the second arrest made by the ED in the case. In 2014, the ED arrested lawyer Gautam Khaitan for his alleged role in routing the kickbacks. He is out on bail now.

Shivani Saxena, wife of Rajeev Shamsher Bahadur Saxena, resident of Palm Jumeirah in Dubai, was later presented before a city court which remanded her to four-day ED custody.

The ED probe has so far revealed that AgustaWestland International Ltd, UK, allegedly paid 58 million euros as kickbacks through Gordian Services Sarl, Tunisia, & IDS Sarl, Tunisia.

"These companies further siphoned off the said money in the name of consultancy contracts to Interstellar Technologies Ltd, Mauritius, and others. The funds were further transferred to Dubai-based UHY Saxena, Matrix Holdings Ltd. and others,"

Shivani Saxena is an active director of UHY Saxena, Dubai, and Matrix Holdings, through which proceeds have been routed and further layered and integrated in buying immovable assets and shares,”

The ED alleges that Shivani Saxena’s husband is a beneficial owner of Interstellar Technologies Ltd., Mauritius. The two are partners/directors in UHY Saxena and Matrix Holdings Limited.

“Both the companies received proceeds in their respective Dubai bank accounts from Interstellar Technologies Ltd. Ms. Saxena and her husband transferred huge amounts of money through their companies at Dubai to various other accounts,”

In this same case, A court in Italy has already gave punishment to accused persons and here in India still probe is going on.

Justice Delayed Justice Denied
Delay in Investigation results in loss of documents, witnesses and always favors accuse persons.

Reality views by sm –

Tuesday, July 18, 2017

Tags - AgustaWestland VVIP Chopper Scam