Sunday, Sep 21, 2014

CBI looks at 2 more firms in pay-offs chain, 21 others in scrutiny list

Earlier, the Italian probe had traced payments from Interstellar to another Mauritius-based company, Infotech Design Systems, and thereon to a web of companies located in India, Switzerland, Singapore and Liechtenstein. Express photos Earlier, the Italian probe had traced payments from Interstellar to another Mauritius-based company, Infotech Design Systems, and thereon to a web of companies located in India, Switzerland, Singapore and Liechtenstein. Express photos
Written by Ritu Sarin | New Delhi | Posted: February 10, 2014 4:05 am | Updated: February 10, 2014 11:33 am

The web of companies into which the Euro 20 million worth of kickbacks in the AgustaWestland VVIP helicopter deal were allegedly routed has become more complex, with the CBI now looking at two more entities.

According to fresh leads with the agency, the companies, located in Mauritius and Singapore, may have received pay-offs from Port Louis-based Interstellar Technologies Limited. Interstellar was earlier named by Italian investigators as the front used by Finmeccanica to route payments during 2009-2011.

The CBI has now listed payments made by Interstellar to Mauritius-based Redline Consultants ($4 million), and Windsor in Singapore ($2.4 million).

Earlier, the Italian probe had traced payments from Interstellar to another Mauritius-based company, Infotech Design Systems, and thereon to a web of companies located in India, Switzerland, Singapore and Liechtenstein.

FULL COVERAGE: Augustawestland Deal

While refraining from giving details, CBI officials said the latest chain in the multi-layered transactions across the globe had been deciphered through international cooperation as well as financial data received from other Indian agencies.

Significantly, the agency has also prepared a suspect list of payments received from seven other companies by Windsor in Singapore, as well as 14 companies to whom they made payments around the same time the alleged pay-offs were routed to them. CBI officials said it was still being ascertained whether these listed 21 companies were Indian or foreign or incorporated in tax havens.

As reported by The Indian Express (January 20), the Mauritius-based Independent Commission against Corruption is in touch with the CBI for assistance in connection with the same financial transactions, which they are looking into for the money laundering angle.

The CBI has dispatched a letter rogatory to Mauritius and has included a request for details of the payments made by Interstellar to Redline. A letter rogatory is likely to be dispatched to Singapore too.

MUST READ: Everything you need to know about AgustaWestland chopper deal8

comments powered by Disqus
Featured ad: Discount Shopping
Follow

Get every new post delivered to your Inbox.

Join 968 other followers