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VVIP chopper: Dir may flee if allowed to go abroad, says ED

Press Trust of India  |  New Delhi 

The today told a special that a of two Dubai-based firms, accused in a case connected with the Rs 3,600 crore VVIP chopper deal, might not return to face trial if granted permission to go abroad.

The agency told Kumar that Shivani Saxena, an of Dubai-based M/s UHY Saxena and M/s Matrix Holdings, should not be granted the relief as there were high chances of further diversion of the funds.

The will pronounce its order on the application tomorrow.

N K Matta also said that Shivani's husband was evading the probe and a non-bailable warrant has already been issued against him.

The ED had on September 13 last year filed a charge sheet against Shivani and others. The final report had also named though he is not yet arrayed as an accused.

In her application, submitted that she needed to go to on January 14 to 29 for business purposes.

She was arrested by the ED on July 17 from Chennai in last year and was granted bail by high on December 15, 2017 with various conditions, including that she will not leave the country without the court's nod.

Shivani and her husband are residents of Palm Jumeirah in Dubai, an archipelago which is home to most expensive properties in the (UAE), ED's N K Matta had told the court.

The agency alleged that the two firms were the entities "through which the proceeds of have been routed and further layered and integrated in buying the immovable properties/shares, among others" in this case.

It claimed that its probe had found that AgustaWestland, United Kingdom, had "paid an amount of Euro 58 million as kickbacks" through two Tunisia-based firms.

"These companies further siphoned off the said money in the name of consultancy contracts to M/s Interstellar Technologies Limited, and others which were further transferred to M/s UHY Saxena and M/s Matrix Holdings Ltd, and others," the ED had alleged.

The agency had also arrested Delhi-based who is currently out on bail. It had registered a PMLA case in 2014 and named 21 people in its money laundering FIR.

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

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

First Published: Wed, January 10 2018. 19:20 IST