The Delhi Court on Monday granted conditional bail to Rajeev Saxena, who was arrested in the ₹3,600-crore Agusta Westland money-laundering case. Special Judge Arvind Kumar granted relief to Rajeev Kumar on furnishing a bail bond of Rs 5 Lakh and two sureties of a similar amount.
The court also imposed certain conditions on Saxena and said he will not tamper with evidence and join the investigation as and when called. The court further said Saxena should not leave the country without its permission.
Saxena, a director of two Dubai-based firms – UHY Saxena and Matrix Holdings, is one of the accused named in the charge sheet filed by ED in the AgustaWestland case.
Apart from Rajeev Saxena, former Air Force chief SP Tyagi and Saxena’s wife Shivani has also been named by the agency in the charge sheet. While Christian Michel is among three foreign nationals that have been Charge-sheeted by the Investigation Agency. Others Include – Guido Haschke and Carlo Gerosa.
READ: VVIP Chopper Scam: Delhi Court reserves Judgment on bail plea filed by Christian Michel; CBI-ED opposes the Bail plea
On January 1, 2014, Indian Government cancelled the contract with AgustaWestland for supplying 12 AW-101 VVIP choppers to the Indian Air Force over the alleged breach of contractual obligations and charges of paying kickbacks to the tune of Rs 423 crore by it for securing the deal.
The Central Bureau of Investigation (CBI) in this findings has alleged there was an estimated loss of 398.21 million euro (approximately Rs 2,666 crore) to the exchequer in the deal that was signed on February 8, 2010, for the supply of VVIP choppers worth 556.262 million euro.
While the Enforcement Directorate in his Charge Sheet dated June 2016 has alleged he received 30 million euros (about Rs 225 crore) from AgustaWestland.
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