Delhi Court extends Deepak Talwar’s custody till Feb 12

Delhi Court extends Deepak Talwar’s custody till Feb 12

Agency News

New Delhi, Feb 7 : A Delhi Court on Thursday extended the ED's custody of corporate aviation lobbyist Deepak Talwar till February 12, arrested in connection with the VVIP choppers deal.

Special Judge S.S Mann on January,31 granted seven days ED's custody to Deepak Talwar. Lobbyist Deepak Talwar was wanted by the ED and CBI in a case of misusing over Rs 90 crore taken through the Foreign Funding Route(FFR) and Rajeev Shamsher Bahadur Saxena was wanted in Rs 3,600 crore AgustaWestland VVIP choppers Money Laundering case both were brought in a special plane to Delhi around 1:30 AM and were arrested by the ED.

After a request made by Indian agencies both of them were picked by Dubai authorities.

British National Christian James Michel alleged Middleman and co accused in this matter was extradited last year in the month of December from Dubai to India and is currently in judicial custody.

In this matter Talwar has been charged with criminal conspiracy, forgery and under the various provisions of the FCRA for allegedly diverting Rs 90.72 crore worth of foreign funds meant for ambulances and other articles received by his NGO from Europe's leading missile manufacturing company.

Directorate of Enforcement (ED) and Central Bureau of Investigation (CBI) has booked Talwar in criminal cases of corruption and Income Tax Department has charged him with tax evasion.

It is alleged on behalf of ED that Rajeev, his wife and their two Dubai based firms Ms UHY Saxena, Dubai and Ms Matrix Holdings routed "the proceeds of crime and further layered and integrated in buying the immovable properties/shares among others". ED further alleged that "Agusta Westland International Ltd, UK paid an amount of Euro 58 million as kickbacks through Gordian Services Sarl, Tunisia and IDS Sarl, Tunisia and "These companies further siphoned off the said proceeds of crime in the name of consultancy contracts to Interstellar Technologies Ltd, Mauritius, and others which were further transferred to UHY Saxena, Dubai and Matrix Holdings Ltd. Dubai and others".

ED alleged that Rajeev is "beneficial owner" of Interstellar Technologies Ltd and both his companies received proceeds of crime in their respective Dubai bank accounts from this firm and couple have remitted/ transferred a "huge amount of money" through their Dubai based companies to various other accounts.

On January 1, 2014 India scrapped the contract with Finmeccanica's British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the IAF over alleged breach of contractual obligations and charges of kickbacks to the tune of Rs 423 crore paid by the firm for securing the deal.

Counsel for Directorate of Enforcement today sought seven days ED custody of Talwar from court by submitting that ED has to find out the names of National Aviation Company Ltd., Ministry of Civil Aviation and Air India who favoured Foreign Airlines by making national carrier gave up profit making routes and profit making timings.

ED further alleged that Talwar is having link with Fugitive Vijay Mallya in a Money Laundering case. Special Judge S.S Mann today heard submissions on behalf of Government Counsel and Defence Counsel passed an order of ED's custody of Deepak Talwar till February, 12. (UNI)