Hasan Ali got Rs 14 crore as kickback for a Boeing-Air India deal: ED

Mumbai: Hasan Ali Khan , said to be the country's biggest tax evader , had made a killing as a consultant when he had earned a commission of US $ 11.5 million for a Boeing deal with Air India in 1986-87. At the exchange rate then, the amount works out to over Rs 14 crore not a small sum considering that the Bofors kickback was of Rs 64 crore and brought down a government.
This startling information is part of a 2007 Enforcement Directorate (ED) Case Information Report filed as an annexure in the 1000-plus-page charge sheet filed recently by the ED in a special court under the Prevention of Money-Laundering Act against Khan and his associate Kashinath Tapuriah.
The civil aviation minister at that time was Jagdish Tytler. The report says that as consultants of Boeing Commercial Airplane Co, Seattle, USA, an amount of US $ 11.5 million was earned as commission from the sale of two Boeing 727 aircraft to air India in 1986-87. The deal was worth US $ 230 million.
The charge sheet mentions that the amount was not repatriated to India by RM Investments & Trading Co, a firm owned by Tapuriah. The charge sheet, however, does not specify who among the accused earned the commission.
There are clear-cut indications of corruption money involved in mega transactional deals representing commissions (which appear to be illegal) received on sale of Boeing Aircrafts held by Air India. It involves loss to the exchequer, the ED has said.
20/05/11 Rebecca Samervel/Times of India

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Categories: Air India May 2011, Foreign May 2011