Tatra deal: ED probing Rs 170 crore cash inflow

March 16, 2013 01:47

The Enforcement Directorate is probing alleged cash inflow of about Rs 170 crore into Indian companies in connection with supply of Tatra trucks to the Army.

The agency has recently sent judicial requests to the UK and Hong Kong in connection with a money laundering probe.

The suspect funds were received by five Indian companies through three banks, according to sources in the agency probing the case.

The agency has dispatched the requests, called Letters Rogatory (LRs) in judicial terminology, after a special court in New Delhi recently allowed its plea in this regard.

ED registered a case under the Prevention of Money Laundering Act (PMLA) in April last year against Vectra Chairman Ravi Rishi and few other firms after former Army chief Gen V K Singh had alleged that he was offered a Rs 14 crore bribe in September 2010 to clear the purchase of a tranche of 1,676 Tatra trucks for the Army.

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