Want to share with your friends too?

12 Sep 2018

#AgustaWestlandCase: Court grants bail to former IAF Chief SP Tyagi

#AgustaWestlandCase: Court grants bail to former IAF Chief

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.

Here's more.

In context

#AgustaWestlandCase: Court grants bail to former IAF Chief
Court summoned former AgustaWestland, Finmeccanica Directors, Tyagi as accused


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.

Other accused

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.

Notify Me

Money laundering

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.

Ask NewsBytes
User Image

Most asked questions

What is the Agusta Westland Case?

More questions

What is the Agusta Westland Case?

Asked on 12-09-2018 by Anonymous

Answered by NewsBytes

In February 2010, the UPA government signed a government contract with UK-based AgustaWestland to buy 12 AW101 helicopters for the Indian Air Force for Rs. 3,600 crore. In 2013, the deal was put on hold by the government after Bruno Spagnolin, CEO of Agusta Westland and Guiseppe Orsi, chairman of Finmeccanica, were arrested on charges of bribing middlemen to acquire the deal with IAF.

Next Timeline