AgustaWestland chopper scam: Dubai firm director arrested for money laundering

Enforcement directorate today arrested director of two Dubai-based firm, Shivani Saxena, for money laundering in the Agusta Westland case.

Saxena is a resident of Palm Jumeira in Dubai and is the director of M/s UHY Saxena, Dubai & M/s Matrix Holdings. It is through these companies that the proceeds of the crime have been routed and further layered and integrated in buying the immovable properties, shares etc.

According to the investigation conducted M/s Agusta Westland International Ltd, UK paid an amount of Euro 58 million as kickbacks through M/s Gordian Services Sarl, Tunisia and M/s IDS Sarl, Tunisia. These companies further siphoned off the said money of Crime in the name of consultancy contracts to M/s Interstellar Technologies Ltd in Mauritius and others, which were further transferred to M/s UHY Saxena and M/s Matrix Holdings Ltd. Dubai and others.

Further investigations also revealed that her husband Rajiv Saxena is the beneficial owner of M/s Interstellar Technologies Ltd.

Shivani Saxena and her husband Rajiv Saxena are partners in M/s UHY Saxena and M/s Matrix Holdings Limited. Both these companies received proceeds of crime in their respective Dubai bank accounts from M/s Interstellar Technologies Ltd. Mauritius.

It was also revealed that Shivani Saxena and Rajiv Saxena have remitted/transferred huge amounts of money through their companies in Dubai to various other accounts. Shivani was produced in the Court of Special Judge PMLA. The Hon’ble Court has given 4 days remand to Enforcement Directorate in the matter.Also Read

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