New Delhi: The Enforcement Directorate (ED) has provisionally attached property Hotel Holiday Inn located in Aerocity, New Delhi valued at close to Rs 120.20 crore. The agency is investigating a money laundering case against accused Deepak Talwar, his family members and related entities.
ED investigations revealed that Talwar illegally engaged in liasoning and lobbying with politicians, ministers, other public servants and officials of Ministry of Civil Aviation for airlines such as Emirates, Air Arabia and Qatar Airways for securing undue benefits for them.
“Investigation under Prevention of Money Laundering Act (PMLA) was initiated by ED in August 2017 on the basis of FIR registered by Central Bureau of Investigation (CBI) against officials of Ministry of Civil Aviation, NACIL, Air India and unknown private persons. He illegally managed to secure favourable traffic rights for these airlines during 2008-09 at the cost of National carrier, Air India,” an ED press note said.
In lieu of this, these Airlines made payments to the tune of Rs 272 crore to Deepak Talwar during 2008-09. The press note further said, “Talwar created a web of entities owned by him and his family members in India and international offshore havens, to launder Proceeds of Crime of Rs 272 crore received from foreign airlines.”
30/03/19 Business Line
To Read the News in full at Source, Click the Headline
ED investigations revealed that Talwar illegally engaged in liasoning and lobbying with politicians, ministers, other public servants and officials of Ministry of Civil Aviation for airlines such as Emirates, Air Arabia and Qatar Airways for securing undue benefits for them.
“Investigation under Prevention of Money Laundering Act (PMLA) was initiated by ED in August 2017 on the basis of FIR registered by Central Bureau of Investigation (CBI) against officials of Ministry of Civil Aviation, NACIL, Air India and unknown private persons. He illegally managed to secure favourable traffic rights for these airlines during 2008-09 at the cost of National carrier, Air India,” an ED press note said.
In lieu of this, these Airlines made payments to the tune of Rs 272 crore to Deepak Talwar during 2008-09. The press note further said, “Talwar created a web of entities owned by him and his family members in India and international offshore havens, to launder Proceeds of Crime of Rs 272 crore received from foreign airlines.”
30/03/19 Business Line
0 comments:
Post a Comment