Monday, October 07, 2019

ED ‘establishes’ money trail linking Deepak Talwar with co-accused Yasmin Kapoor

New Delhi: Investigative agencies probing the aviation scam allegedly involving corporate lobbyist Deepak Talwar claim to have established a money trail between close aide Yasmin Kapoor, a co-accused in the case, and some entities related to him.
The Enforcement Directorate (ED) told a local court last week that Stone Travels Pvt Ltd, a company controlled by Kapoor, received $235,120 from Gilt Asset Management Ltd, one of eight offshore companies allegedly belonging to Talwar, who was extradited from Dubai in January.
Talwar is accused of acting as a middleman in arranging kickbacks to public servants and politicians to make state-run Air India give up profit-making routes and timings in favour of local and foreign private airlines. Talwar's lawyers have, however, repeatedly denied the charges, calling them ‘baseless’.
The agency previously told the court that of the Rs 272 crore in kickbacks allegedly received by Talwar from various airlines, Rs 144 crore was received by Gilt Asset Management.
ED has claimed that Kapoor had been “trying to destroy evidence” and influence witnesses. She has been remanded in police custody till October 9.
06/10/19 Raghav Ohri/Economic Times
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