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ED moves court seeking cancellation of anticipatory bail to lobbyist Deepak Talwar's close aide

Press Trust of India  |  New Delhi 

The (ED) on Monday moved a seeking cancellation of the anticipatory granted to a in an alleged laundering case related to negotiations favouring foreign private airlines and causing loss to national carrier Air India.

The ED's plea said that was the beneficial owner of properties and entities acquired allegedly through proceeds of which were under investigation.

Nitesh Rana, appearing for the ED, said, "The investigation is still ongoing and is at a crucial stage. She is a key link to unearth the modus operandi adopted by all the accused persons."

Kapoor was granted anticipatory by the court on March 22, while Talwar is currently in the judicial custody.

The probe agency claimed there were reasons to believe that the tainted money, received from the foreign airlines, has been used for acquisition of Kapoor's residence property.

"has assisted in laundering the received by him from and projected it as untainted. Thus, Kapoor has committed the offence of laundering under the provisions of PMLA," the agency said in an application moved by A Aditya said.

The ED claimed that several companies, in which Kapoor was a shareholder along with Talwar, received the proceeds of the in which investigation was ongoing.

The list of companies in which Kapoor has been a and shareholder include IDFS, IDFS Trading, Gulshan Promoters, Koncept Retail Services, AykaTradings, Stone Travels.

"The companies are directly or indirectly controlled and beneficially owned by at different points of time. Investigation revealed that the proceeds of received in the have been moved to some other entities effectively controlled by Talwar and Kapoor is his close associate and has actively participated in the laundering of the tainted money...

"Investigation has revealed that she was actively aiding Talwar in the day to day affairs and functioning of the companies through which the tainted money was processed," the probe agency said, adding that the case involved commission of grave economic offence.

Kapoor had sought anticipatory bail, claiming that the ED had threatened her to take names and also convince Talwar to give names of government officials/political functionaries, failing which she would be arrested and face trouble.

Talwar was deported from the UAE last week in connection with a case.

The ED had earlier said that it needed to interrogate Talwar to get the names of officials of the Ministry of Civil Aviation, and Air India, who favoured foreign airlines, including Qatar Airways, and

The agency had claimed entities directly or indirectly controlled by the accused received exorbitant amounts from Qatar Airways, and and submitted a chart of total USD 60.54 million received by firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.

His alleged role in some aviation deals during the previous Congress-led United Progressive Alliance's (UPA) regime at the Centre is under the scanner as well.

Talwar was booked by the ED and the (CBI) in criminal cases of corruption, while the charged him with tax evasion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 20:26 IST