Bank loan

Investigative agency arrests AgustaWestland intermediary Rajiv Saxena in bank loan fraud case

Rajiv Saxena will soon be produced in a Delhi court. (To file)

New Delhi:

Defendant turned approver Rajiv Saxena in the AgustaWestland helicopter scam has been arrested by the Enforcement Branch (ED) in an alleged bank loan fraud case.

It will soon be produced in a Delhi court.

Dubai-based businessman Saxena was extradited to India on January 31, 2019, in connection with the rupee 3,600 crore scam involving the purchase of 12 VVIP helicopters from AgustaWestland.

Direction of execution was arrested him in connection with the bank loan case related to the Central Bank of India. The bank had accused Moser Baer, ​​his manager and others of defrauding the bank of Rs 354 crores. The bank had claimed that Moser Baer and his trustees, along with others, allegedly forged and fabricated documents to induce the Central Bank of India to release funds.

The CBI had, in 2019, filed a complaint against Ratul Puri, who is the former executive director of Moser Baer India Limited (MBIL), his father Deepak Puri and others over a complaint filed by the Central Bank of India. .

Businessman Deepak Puri is the father of Rahul Puri and a relative of the former Chief Minister of Madhya Pradesh, Kamal Nath.

Earlier, the ED had said during his pardon request, Saxena had said he would fully disclose the facts to his knowledge and his statement was recorded, after which he was granted a pardon. He was then allowed to be an approver subject to his full disclosure.

The ED later went to court again and challenged its approval and also requested that the bond be rescinded stating that he had misled the investigation and was not disclosing the information as he did. ‘had promised in his statements.

Saxena withheld very strategically and did not disclose full and true facts, which were to her knowledge, relating to the commission of the offense, and deliberately withheld and fabricated certain documents to protect the other co-accused, this which was contrary to the terms of the granting of a pardon granted by the court of first instance, said the ED.

(Except for the title, this story was not edited by NDTV staff and is posted from a syndicated feed.)