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Court reserves order on Rajeev Saxena's bail plea

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Published : Feb 12, 2019, 11:31 AM IST

Updated : Feb 12, 2019, 11:50 AM IST

New Delhi: A Delhi Court on Tuesday reserved its order on a bail plea moved by Rajeev Saxena, who was arrested in the Rs 3,600-crore AgustaWestland money laundering case.

Rajeev Saxena

Saxena, whose ED custody ends Tuesday, sought to talk to Special Judge Arvind Kumar in private, without the presence of his lawyers, after which the court initiated in-camera proceedings in the case.

ED said in Court, "We are not seeking further remand of Rajiv Saxena," as he moved a bail plea in the court. Saxena said he is a leukemia patient and that he got admitted to LNJP hospital.

On Friday, the agency had sought his custody from the court, saying the probe is at a crucial stage.

Saxena is one of the accused named in the chargesheet filed by ED in the case.

Christian Michel, former AgustaWestland and Finmeccanica directors Giuseppe Orsi and Bruno Spagnolini, former Air Force chief SP Tyagi and Saxena's wife Shivani have also been named by the agency in the chargesheet.

United Arab Emirates (UAE) security authorities had picked up Saxena from his residence in Dubai on January 30 and extradited him to India later that night, along with corporate lobbyist Deepak Talwar.

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The ED had summoned Rajeev Saxena, a resident of Palm Jumeirah in Dubai, multiple times in the case and had arrested his wife Shivani Saxena from the Chennai airport in July, 2017. She is now out on bail.

The ED had alleged 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".

The ED had said that its probe found that "Agusta Westland International Ltd, UK paid an amount of Euro 58 million as kickbacks through Gordian Services Sarl, Tunisia and IDS Sarl, Tunisia.

"These companies further siphoned off the said money/ 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," the ED had charged.

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The ED had said 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.

It had said the couple have remitted/ transferred a "huge amount of money" through their Dubai-based companies to various other accounts.

The ED had named Rajeev Saxena in its charge sheet filed in this case and had got issued a non-bailable warrant against him.

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.

Read: HAL posted profit of Rs 7,334 crore from 2015-16 to Sept 2018

Saxena, whose ED custody ends Tuesday, sought to talk to Special Judge Arvind Kumar in private, without the presence of his lawyers, after which the court initiated in-camera proceedings in the case.

ED said in Court, "We are not seeking further remand of Rajiv Saxena," as he moved a bail plea in the court. Saxena said he is a leukemia patient and that he got admitted to LNJP hospital.

On Friday, the agency had sought his custody from the court, saying the probe is at a crucial stage.

Saxena is one of the accused named in the chargesheet filed by ED in the case.

Christian Michel, former AgustaWestland and Finmeccanica directors Giuseppe Orsi and Bruno Spagnolini, former Air Force chief SP Tyagi and Saxena's wife Shivani have also been named by the agency in the chargesheet.

United Arab Emirates (UAE) security authorities had picked up Saxena from his residence in Dubai on January 30 and extradited him to India later that night, along with corporate lobbyist Deepak Talwar.

undefined

The ED had summoned Rajeev Saxena, a resident of Palm Jumeirah in Dubai, multiple times in the case and had arrested his wife Shivani Saxena from the Chennai airport in July, 2017. She is now out on bail.

The ED had alleged 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".

The ED had said that its probe found that "Agusta Westland International Ltd, UK paid an amount of Euro 58 million as kickbacks through Gordian Services Sarl, Tunisia and IDS Sarl, Tunisia.

"These companies further siphoned off the said money/ 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," the ED had charged.

undefined

The ED had said 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.

It had said the couple have remitted/ transferred a "huge amount of money" through their Dubai-based companies to various other accounts.

The ED had named Rajeev Saxena in its charge sheet filed in this case and had got issued a non-bailable warrant against him.

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.

Read: HAL posted profit of Rs 7,334 crore from 2015-16 to Sept 2018

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Last Updated : Feb 12, 2019, 11:50 AM IST
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