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20 Apr 2018, 08:39 HRS IST
  • PTI
  • VVIP choppers case: ED arrests woman director of Dubai firm

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19:50 HRS IST

New Delhi, Jul 17 (PTI) A woman director of two Dubai- based firms was on Monday arrested by the Enforcement Directorate in connection with its probe in the INR 3,600 crore money laundering case, a senior agency official said

The central probe agency identified the woman as Shivani Saxena, director of Ms UHY Saxena and Ms Matrix Holdings

The official said Saxena was arrested under the provisions of the Prevention of Money Laundering Act (PMLA) and was later produced in a court which sent her to four days of judicial custody

The woman is alleged to have received the "proceeds of crime" in this case, the official said

The Enforcement Directorate had registered a PMLA case in this regard in 2014 and had named 21 people including former Indian Air Force (IAF) chief S P Tyagi in its money laundering FIR

On 1 January, 2014, India 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 paying kickbacks to the tune of INR 423 crore by it for securing the deal.

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