VVIP Chopper scam: Middleman Rajeev Saxena granted bail by Delhi court

By: |
New Delhi | Updated: Feb 25, 2019 4:48 PM

Rajeev 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.

VVIP Chopper scam, Rajeev Saxena, delhi court, Christian Michel, SP Tyagi, AgustaWestland,  VVIP choppers dealThe court further said Saxena should not leave the country without its permission. (IE)

A Delhi court Monday granted bail to Rajeev Saxena, who was arrested in the Rs 3,600-crore AgustaWestland money-laundering case. Special Judge Arvind Kumar granted the relief to Saxena on furnishing a bail bond of Rs 5 lakh and two sureties of the like amount. The court also imposed certain conditions on Saxena and said he will not tamper with evidence and join 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.

Also read| Supreme Court to hear petitions challenging validity of Article 35-A from Feb 26, security stepped up in Jammu and Kashmir

Christian Michel, the alleged middleman in the deal, former AgustaWestland and Finmeccanica directors Giuseppe Orsi and Bruno Spagnolini, former Air Force chief SP Tyagi and Saxena’s wife Shivani have also been named by the agency in the charge sheet. On January 1, 2014, India had scrapped the contract with Finmeccanica’s British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the IAF over alleged breach of contractual obligations and charges of kickbacks of Rs 423 crore paid by it to secure the deal.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Congress announces 1st list of 13 candidates for West Bengal Assembly polls
2Tamil Nadu Elections 2021: AIADMK, DMK yet to close deal with key allies  
3West Bengal Elections 2021: 415 companies of central forces to be deployed in first phase