New Delhi [India], September 13 (ANI): A Delhi Court on Monday remanded Rajiv Saxena to Enforcement Directorate (ED) custody till September 20. He was arrested by ED in a money laundering case related to an alleged bank fraud case.
Rajiv Saxena is also an accused in the Agusta Westland money laundering case.
Special Judge Sanjay Garg today allowed remand application of ED which sought custodial remand of the Dubai-based businessman in a money laundering case related to a bank fraud case.
Saxena was extradited to India on January 31, 2019 in connection with Rs 3,600 crore case relating to the purchase of 12 VVIP helicopters from AgustaWestland.
The complainant Central Bank of India had accused Moser Baer, its director and others of defrauding the bank of Rs 354 crores. The bank had claimed that Moser Baer and its directors alongwith others "forged and fabricated" documents to induce it to release funds.
The CBI had, in 2019, filed a case against Ratul Puri, who is the former executive director of Moser Baer India Limited (MBIL), his father Deepak Puri and others on a complaint filed by the Central Bank of India.
ED had initiated a money-laundering probe based on an FIR by the Central Bureau of Investigation (CBI). Deepak Puri is relative of former Madhya Pradesh Chief Minister Kamal Nath.
According to probe agencies, Saxena's Dubai- based firms were the entities through which the proceeds of crime have been routed and "further layered and integrated in buying the immovable properties/shares, among others". (ANI)