Mumbai: The Enforcement Directorate has moved court seeking the arrest of former Airbus India chief Kiran Rao under the Prevention of Money Laundering Act, two people with direct knowledge of the matter said.
The ED has accused seven people, including Rao, of money laundering in a Rs 8,000-crore deal to supply 43 aircraft to erstwhile Indian Airlines in 2005.
The agency applied for a non-bailable warrant against Rao before the special CBI Court of Special Judge Santosh Snehi Mann in New Delhi on Wednesday, one person said.
The CBI judge took cognisance of the fact that Rao is a British national and asked the ED how it proposed to summon him to India for questioning, according to a person aware of the matter.
An Airbus spokesperson told ET: “We can confirm Kiran Rao is no longer a part of the company. We cannot comment on any ongoing investigation.”
“ED counsel sought time to file judgments and documents to show the procedure adopted. No non-bailable warrants were issued and no orders were passed today on the application as of now,” said one person. The matter was adjourned for further hearing and orders to May 25.
23/05/19 Maulik Vyas/Sachin Dave/Economic Times
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The ED has accused seven people, including Rao, of money laundering in a Rs 8,000-crore deal to supply 43 aircraft to erstwhile Indian Airlines in 2005.
The agency applied for a non-bailable warrant against Rao before the special CBI Court of Special Judge Santosh Snehi Mann in New Delhi on Wednesday, one person said.
The CBI judge took cognisance of the fact that Rao is a British national and asked the ED how it proposed to summon him to India for questioning, according to a person aware of the matter.
An Airbus spokesperson told ET: “We can confirm Kiran Rao is no longer a part of the company. We cannot comment on any ongoing investigation.”
“ED counsel sought time to file judgments and documents to show the procedure adopted. No non-bailable warrants were issued and no orders were passed today on the application as of now,” said one person. The matter was adjourned for further hearing and orders to May 25.
23/05/19 Maulik Vyas/Sachin Dave/Economic Times
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