ED to attach top Air India man’s properties

New Delhi Ramesh Nambiar, Air India deputy general manager, has been booked by the Enforcement Directorate under the Prevention of Money Laundering Act. This follows the CBI registering a case of disproportionate assets against Nambiar, who was arrested by the agency in 2009 in connection with the Ordnance Factory Board scam at Kolkata in which former director general of OFB Sudipto Ghosh was one of the main accused.
After registering the DA case against Nambiar, the CBI had asked the ED to attach his properties and bank accounts.
In a case filed under the PMLA, it has been alleged that Nambiar acted as ‘middleman’ while serving as government employee. “It is alleged that while being in office, he negotiated deals for private companies and received huge amount of gratification from private parties. The CBI had pegged his disproportionate income to be around Rs 3 crore,” said a top ED official.
The CBI has asked the ED to identify Nambiar’s properties which are not in his name. Investigators allege that Nambiar laundered the money which he earned through gratification and parked them outside India by investing in hotels and properties.
06/02/12 Rahul Tripathi/Express India

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Categories: Air India Feb 2012