Dirty Money routed through Singapore, Seychelles?

[Grandlarousse]

Dirty Money routed through Singapore, Seychelles?

Oct 22, 2014 - PRAMOD KUMAR
Evidence collected by Indian investigating agencies into the AgustaWestland helicopter deal reveals that kickbacks into the country were routed through a circuitous financial network involving countries like Singapore and Seychelles. For the first time a Seychelles connection has surfaced in the multi-crore helicopter deal.


Sources said both Central probe agencies CBI and the Enforcement Directorate (ED) are planning to send judicial requests to authorities concerned in Singapore and Seychelles to get details about certain firms based there. Sources said the CBI is preparing to examine some more private persons in connection with its probe into the deal. The ED is planning to send judicial requests to about six countries in this regard, they added.
The ED recently arrested a businessman Gautam Khaitan in connection with the case. Investigations by the agency revealed that Mr Khaitan had allegedly helped the Anglo-Italian defence manufacturer in facilitating the transfer of kickbacks, approximately 2.16 million Euros, to India. It has also been revealed that Mr Khaitan allegedly introduced European middlemen Carlo Gerosa and Guido Haschke to Satish Bagrodia and Pratap K. Aggarwal, chairman and managing director respectively of the suspected firm IDS Infotech Ltd (India).

Indian investigators, sources said, suspects the route of stash funds to have originated from Italy and routed through Mauritius, Tunisia, Singapore and Seychelles to India. Mr Khaitan was on the board of Chandigarh-based Aero-matrix and he had resigned from the post after the Italian police started its probe into the chopper deal in 2012. The firm is allegedly a front company for the financial dealings of the copter deal. The ED on July 4 had booked former IAF Chief S.P. Tyagi and 12 others under the Prevention of Money Laundering Act in the helicopter deal case.

http://www.asianage.com/india/money-rou ... helles-807

The Blog Link and our appreciation -
http://seychellesrealitytoday.blogspot. ... l?spref=fb

AgustaWestland
http://en.wikipedia.org/wiki/AgustaWestland

Comment - Friends - some issues are very much more complicates - we wrote to the MNA under then President FA Rene government explanation some of the very complex issues we as nation was involved and some of the process. Everybody pass it is inventing until Mr Christopher Gill started his Blog. Out there in the greater world the establishment and Institutions the way they work. Our European and International dynamics/synergy just as the reason the Arabs are so interested in us and the larger Public cannot/refuse to understand. We became involve in the Augusta debacle from a High Interdisciplinary/multidisciplinary corporate prospective Including Air Bus and EADS, Euro Fighter and Euro copter - those elite politicians like Sir James Mancham and Mr Paul Chow and others know and have known yet in Public what they tell you about our person. The same and the British Institutions. Try and get some more info of the Thatcher era, PM John Major and PM Blair. What the media wrote as to the reality. Safe our people are terrible they will not even offer a glass of Water if you badly needed it Hence we addressed the International Institutions and as is the norm , copy of our email would have been kept. All those who use and abuse our workings and the mega mess, global corrupted Benchmark we have landed in.

[Grandlarousse]

Choppergate: CBI may seek info from Singapore, Seychelles

Abhishek Sharan, Hindustan Times New Delhi, October 24, 2014


The CBI, which is probing receipt of alleged kickbacks in the Rs. 3,600 crore VVIP AgustaWestland deal, is likely to send Letters Rogatory (LR) to authorities in Singapore and Seychelles to seek details regarding certain monetary transactions under its scanner. The Seychelles and Singapore connections have emerged in the probe for the first time.


“The probe has taken under its scanner certain transactions from an accused Tunisian firm to an intermediary firm in Mauritius, which in turn, routed the funds to a few other firms based in the same country as well as in Singapore and Seychelles,” said a CBI source. The alleged transactions were done through banks located in Port Louis in Mauritius, Victoria in Seychelles and in Singapore, said the source.

The details, once procured, would help in determining the nature of the transactions, said the source. The CBI has already requested, via LRs, authorities in United Kingdom, Italy, Tunisia and Mauritius details on the money-trail but is yet to get a response.

An Italian court recently handed out a two-year jail term to former Finmeccanica CEO Giuseppe Orsi and its UK-based subsidiary AgustaWestland’s former boss Bruno Spagnolini for falsifying invoices, but cleared them of the more serious corruption charges in the deal.

http://www.hindustantimes.com