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CC Thampi's custody extended by 3 days

A court here on Tuesday sent UAE-based NRI businessman CC Thampi to the custody of the Enforcement Directorate for three more days for interrogation.

ET Bureau|
Last Updated: Jan 21, 2020, 11.53 PM IST
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New Delhi: A court here on Tuesday sent UAE-based NRI businessman CC Thampi to the custody of the Enforcement Directorate for three more days for interrogation. The ED arrested Thampi on Friday, in connection with an ongoing probe into alleged money laundering and acquisition of undisclosed foreign assets linked to Robert Vadra. He is alleged to be an associate of absconding arms dealer Sanjay Bhandari and Vadra, the son-in-law of Congress president Sonia Gandhi.

In its application seeking further remand of Thampi, the agency told the local court that it had zeroed in on certain dubious transactions involving Thampi. The list of those transactions was handed over to the court. The ED said it needed to summon more people in the coming days to find out the modus operandi and alleged involvement of more individuals in the acquisition of the foreign assets, 'facilitated' by Thampi at the behest of influential people. The agency also said it needed to confront Thampi with voluminous records.

Thampi’s counsel opposed further remand and sought bail on the ground that he had cooperated with the agency and joined the probe. The counsel averred that he was suffering from cancer and should not be allowed to be kept in police custody. Agency sources said Thampi’s alleged connection with senior politicians was being looked into.

Vadra, who had denied any wrongdoing, told the ED during questioning in February last year that he had met Thampi on board an Emirates flight. However, during his questioning in connection with another case in April 2017, Thampi had purportedly told the ED that he had met Vadra through Sonia Gandhi’s personal assistant, PP Madhavan. This contradiction in statements was being used by the agency to corner Thampi, who controls UAE-based Skylight Investments and the Holiday Group. As per the ED, the name of a company, SkyLight Investment FZE, was changed to Mayfair Investment FZE in 2011 in a bid to remove the possibility of finding any links between the names Vadra’s companies in India and the UAE.

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