Aviation scam: ED identifies 3 foreign firms with links to Deepak Talwar's close aide
Talwar is accused of acting as a middleman in arranging kickbacks to public servants and politicians to make Air India give up profit making routes and timings in favour of local and foreign private airlines.
Talwar is accused of acting as a middleman in arranging kickbacks to public servants and politicians to make Air India give up profit making routes and timings in favour of local and foreign private airlines. Talwar's lawyers have repeatedly denied the charges, calling those 'baseless'. Kapoor is a co-accused in the case and was arrested on October 3.
Seeking her further custody, the ED, in a remand paper filed last week, told a local court that Stone Travels, a firm controlled by Kapoor, had received more than Rs 6 crore from a Dubai or Mauritius company around the time when the aviation deal involving Air India was struck. The court has extended her remand by nine days. Last week ETwas the first to report ED’s claim that Kapoor’s residence on APJ Abdul Kalam Road was owned by Gulshan Promoters Pvt Ltd, one of whose promoters, Devendra Dogra, had allegedly received $3.765 million (about Rs 16 crore) from Gilt Asset Management, a company controlled by Talwar and was accused to have received kickbacks in the aviation deal.
Dogra and Kautilya Pte Ltd of Dubai/Mauritius sent money in the relevant period to Stone Travels which it routed to various entities, the ED told the court. The agency said it had summoned the concerned people for questioning. The ED has claimed to have identified a domestic travel company, Cedar Travels, wherein Talwar, his family members and Yasmin Kapoor are involved. The agency has submitted that Kapoor was a director of Cedar Travels and that the transactions of the company were being investigated into. Alleging that Kapoor was linked to various foreign entities, the agency said investigation was ongoing to ascertain the money trail.
One of the foreign companies named in the remand application is Garbil Trading Ltd, BVI (British Virgin Islands), where the agency said Kapoor was a director with Talwar and Dogra. "This is a BVI company incorporated on December 14, 2006 and it has come on record that the said company was formed on the instructions of Deepak Talwar," the ED said in the remand paper.
The agency also cited another company, YK Technologies Dubai, where it said Kapoor and her daughter were directors. According to the ED, its probe revealed that Stone Travels had received “huge amounts” from Kautilya Pte Ltd on the instructions of Kapoor. The said company is beneficially owned by Talwar or his family, it told the court.