Part of AgustaWestland chopper 'bribe' returned via FDI route

May 02, 2016 10:14

Indian investigators said some of the money alleged to have been paid as kickbacks in the AgustaWestland VVIP helicopter deal was repatriated to the country through a maze of shell companies based in Mauritius and Tunisia as foreign direct investment.

However, a large chunk of the Rs 160 crore that the Milan Court of Appeals said was allegedly paid to middleman Guido Haschke remains untraced.

The Enforcement Directorate has found a web of companies that was set up to route Rs 37 crore to Indian entities. This was part of the Rs 160 crore that AgustaWestland allegedly paid to middlemen.

Read the full story HERE

« Back to LIVE

TOP STORIES

'Shekhar Suman Joining BJP Is Intriguing'

'Shekhar Suman joining the BJP when the nation is going to the polls is like gatecrashing into a wedding just when the guests are being served their meal.'

Why Future Of Cars Don't Look Electric

When it comes to electric cars, the electric dream is turning out to be a six-letter word starting with f, ending with y, and having antas in between, notes Suveen Sinha.

DC vs RR: Why was RR captain Sanju Samson fined?

Rajasthan Royals captain Sanju Samson has been fined 30 per cent of his match fees for breaching the IPL Code of Conduct during his side's 20-run loss to Delhi Capitals at the Arun Jaitley Stadium in New Delhi.

'Be In Cash; About Over 20-25%'

'The markets will correct, and they are bound to correct. The boom will turn into bust.' 'When this bust happens, people would lose like they have lost in the past.' 'Whatever you have made possibly in the last couple of years, you may...

Modi's Approach To Election Is Intriguing

The big surprise is that Narendra Modi, the greatest conjurer in our national politics, has not yet presented a theme to this election, observes Shekhar Gupta.