#AgustaWestlandCase: Court grants bail to former IAF Chief SP Tyagi
A Delhi court Wednesday granted bail to former Air Force Chief SP Tyagi and others in a money laundering case related to the AgustaWestland VVIP chopper scam.
Special Judge Arvind Kumar granted bail to Tyagi and his cousins involved in the case and asked them to furnish a bail bond of Rs. 1L with one surety of the like amount.
Court summoned former AgustaWestland, Finmeccanica Directors, Tyagi as accused
The court had on July 24 summoned former AgustaWestland and Finmeccanica Directors Giuseppe Orsi and Bruno Spagnolini, SP Tyagi and others as accused in the case.
The court had asked the accused to appear before it today while issuing fresh non-bailable warrants against Italian middlemen Carlo Gerosa and Guido Haschke and Dubai-based businessman Rajeev Saxena in the case.
Court also summoned 28 Indian, foreign individuals as accused
Besides the six, the court also summoned as accused 28 Indian and foreign individuals and companies, including lawyer Gautam Khaitan, AgustaWestland and its parent company Finmeccanica SPA.
The court had passed directions after taking cognizance of the charge sheet, saying there was enough evidence against the accused in the matter relating to the alleged money laundering to the tune of around €28 million.
Love India news?
Stay updated with the latest happenings.
Yes, notify me
Money was laundered through multiple foreign companies: ED
The ED has alleged that money was laundered through multiple foreign companies which were used as fronts to park alleged kickbacks.
On January 1, 2014, India had scrapped the contract with Finmeccanica's British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to IAF over an alleged breach of contractual obligations and charges of kickbacks of Rs. 423cr paid by it to secure the deal.
Accused summoned by court
Those summoned by court include Tyagi and his cousins; Khaitan and his wife Ritu; Rajeev Saxena and his wife Shivani, both directors of Dubai-based accused firms UHY Saxena and Matrix Holdings; OP Khaitan and Co; International Mediterranean Consulting, Tunisia; and Infotech Design Systems Gordian Services.
Indian Air Force
Air Force Chief SP Tyagi
Most asked questions
What is the Agusta Westland Case?