New Delhi: The Enforcement Directorate (ED) has filed a prosecution complaint in opposition to M/s Embraer SA, Brazil, M/s Interdev Aviation Products and services Pte. Ltd, Anoop Kumar Gupta (Director of KRBL Restricted), KRBL Restricted, Anurag Potdar (Nephew of Anoop Kumar Gupta) and others forward of Realized Special Opt (PMLA), Rouse Avenue Court docket in New Delhi in a case of Embraer SA defence deal.
The Central Bureau of Investigation (CBI) registered an FIR on the basis of a reference purchased from Chief Controller, R&D (R&M) & DS, Defence Study & Style Group (DRDO), Department of Defence Study & Style, Ministry of Defence on the topic of the allegations that M/s Embraer used to be being investigated by authorities of US and Brazil for alleged employment of an agent in facilitating the contract for AEW&C Mission with CABS/DRDO for procurement of three completely modified EMB-145 plane.
In accordance with the FIR of CBI, the ED initiated an investigation beneath the provisions of PMLA.
Investigation beneath PMLA has revealed that M/s Embraer SA Brazil got the contract for the provision of plane to Indian Air Force for USD 210 million and paid a rate of USD 5.76 million to a middleman named Vipin Khanna for influencing the acknowledged contract in its favour. The acknowledged kickbacks of USD 5.76 million had been routed by M/s Embraer SA, Brazil through its subsidiaries to M/s Interdev Aviation Products and services Pte Ltd, Singapore in lieu of sham settlement.
The kickbacks to the tune of round USD 3.275 million had been further routed from M/s Interdev Aviation Products and services Pte. Ltd. to M/s KRBL DMCC, Dubai (a 100% owned subsidiary of KRBL Ltd.) in lieu of sham settlement to finally reach India through M/s KRBL Ltd. projecting the the same as untainted money.
Additional, investigation beneath PMLA revealed that Anoop Kumar Gupta, Director of KRBL Restricted signed the sham settlement held between Interdev Aviation Products and services Pte. Ltd. and KRBL DMCC to receive Proceeds of Crime (PoC) which were finally purchased within the bank A/c of KRBL Ltd in which he’s one amongst the Director.
The investigation performed to this point resulted within the issuance of provisional attachment show of proceeds of crime within the assemble of immovable properties worth Rs 16.29 crore belonging to KRBL Ltd. The provisional attachment show has been confirmed by Ld Adjudicating Authority beneath PMLA.
Possession of the confirmed connected properties has also been taken by ED. Now prosecution complaint has been filed forward of the Realized Special Opt (PMLA), Rouse Avenue Court docket in New Delhi with a prayer for the confiscation of connected sources to the tune of Rs 16.29 crore other than awarding punishment to the accused folks.