Tuesday, January 22, 2019

Ex-Airbus India chief, summoned by ED, in U.K.

New Delhi: Former Airbus India chief Kiran Rao, who has been summoned by the Enforcement Directorate (ED), asking him to join the money laundering probe into alleged corruption in the 2005 deal for supply of 43 aircraft to the erstwhile Indian Airlines, is currently in the United Kingdom.

The ED has issued three summons to Mr. Rao for recording his statement.

Following a Supreme Court directive, the CBI had registered a case in May 2017 to look into the allegations of irregularities in the purchase of 111 aircraft worth about ?70,000 crore for Air India and Indian Airlines, which included the procurement of 43 aeroplanes from Airbus and the rest from Boeing.

Based on the CBI First Information Report (FIR), the ED launched the money laundering probe last year.The then officials of the Ministry of Civil Aviation are also under the scanner. The agency is currently examining the price-fixation criteria of the aircraft, about which the Comptroller and Auditor General (CAG) had not come across any information while going through government records.
21/01/19 The Hindu
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