New Delhi: The Enforcement Directorate (ED) on Friday carried out raids at 14 areas in Delhi, Surat and Gurgaon in reference to its cash laundering probe within the buy of 75 Pilatus primary coach plane for the Indian Air Power (IAF) in 2009, officers accustomed to the event mentioned.
The ED had filed a cash laundering case in opposition to fugitive arms supplier Sanjay Bhandari in June 2019 on the premise of a CBI FIR the identical month.
Within the deal price Rs 2,895 crore, CBI had named unknown officers of the IAF, defence ministry and Switzerland-based Pilatus Plane Restricted aside from Bhandari.
It was alleged that Pilatus had entered right into a prison conspiracy with Bhandari and dishonestly and fraudulently signed a Service Supplier Settlement with him in June 2010, which was in violation of the Defence Procurement Process, 2008. The settlement was signed to get the contract for provide of 75 primary Coach Plane to the Indian Air Power, CBI mentioned.
It has additional alleged that the corporate made a cost of Swiss Franc 1,000,000 within the account of Offset India Resolution Non-public Restricted, an organization linked to Bhandari, with the Customary Chartered Financial institution, New Delhi in two tranches in August and October, 2010. As well as, Rs 350 crore was additionally transferred in Swiss Francs from 2011 to 2015 within the financial institution accounts of Dubai-based Offset India Options FZC, additionally belonging to Bhandari.
CBI additional mentioned in its FIR that Pilatus dishonestly and fraudulently signed a Pre-contract Integrity Pact on November 12, 2010 with the defence ministry, intentionally concealing the details about service supplier settlement with Bhandari.
It additionally hid the funds made to Bhandari in India and Dubai.
The company had claimed that the fee was paid to affect the officers of the IAF, the MoD and different authorities departments related to the procurement.
Pilatus bagged the contract on Could 24, 2012 for Rs 2895.63 crore.
Bhandari is at present hiding within the UK.
Each Bhandari and Pilatus’s spokesperson/lawyer couldn’t be situated by HT.