Thursday, November 17, 2016

Embraer aircraft deal: ED registers money laundering case

The Enforcement Directorate (ED) has registered a case of money laundering in connection with the alleged payment of USD 5.7 million in kickbacks in the 2008 Embraer aircraft deal.
ED sources said that the agency has filed a criminal complaint under provisions of the Prevention of Money Laundering Act (PMLA) based on a CBI FIR filed in this case last month.
The agency will now begin issuing summons to the accused who could include those named in the CBI FIR.
The CBI had booked NRI arms dealer Vipin Khanna and two companies — Brazil-based Embraer and Singapore-based Interdev Pte Ltd — over alleged payment of commission in the aircraft deal with Embraer worth USD 210 million.
It is suspected that the kickbacks were allegedly routed from Embraer subsidiaries to Khanna through Interdev in three instalments of USD 1.92 million each in 2009.
17/11/16 Deeptima Tiwary/Indian Express

0 Comments: