VVIP chopper deal: ED freezes three firms’ shares worth Rs 86 crhttps://indianexpress.com/article/india/india-news-india/vvip-chopper-deal-ed-freezes-3-firms-shares-worth-rs-86-cr-2865521/

VVIP chopper deal: ED freezes three firms’ shares worth Rs 86 cr

Officials said the agency seized a number of documents during the searches that were conducted under provisions of the Prevention of Money Laundering Act (PMLA).

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The Enforcement Directorate has frozen shares worth over Rs 86 crore belonging to three Indian firms in connection with its money laundering probe into the VVIP chopper deal case.

The action was initiated Monday following searches conducted by the agency on 10 premises in Delhi, Mumbai and Hyderabad on June 15. These three companies are suspected to have been used to launder kickbacks in the deal.

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Officials said the agency seized a number of documents during the searches that were conducted under provisions of the Prevention of Money Laundering Act (PMLA).

The ED had registered a PMLA case in 2014 and named 21 people, including former IAF chief S P Tyagi, in its FIR. It had also arrested Delhi-based businessman Gautam Khaitan, who is now out on bail. ENS