Embraer deal: CBI issues look-out notice against Vipin Khanna

October 21, 2016 17:36

The Central Bureau of Investigation issues a look-out circular against NRI arms dealer Vipin Khanna in Embraer deal case to prevent him from leaving the country.

Earlier, the CBI had registered a case against Khanna and two companies based abroad in a case of alleged kickbacks worth over $5.70 million (Rs 38 crore) in connection with three aircraft deals with Embraer signed in 2008.

It is alleged that the kickbacks were routed from subsidiaries of Embraer to Khanna through Interdev.

'As result of Vipin Khanna's mediation, the DRDO (Defence Research and Development Organisation) moved a proposal to purchase EMB 145 aircraft. The purchase agreement was signed on 3/7/2008,' the CBI said.

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