Friday, Aug 14, 2020 | Last Update : 02:53 PM IST

142nd Day Of Lockdown

Maharashtra54831338184318650 Tamil Nadu3145202563135278 Andhra Pradesh2641421709242378 Karnataka1964941126333511 Delhi1494601343184167 Uttar Pradesh140775887862280 West Bengal98459671202059 Telangana8647563074665 Bihar8274154139450 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3811424922127 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
  India   All India  07 Aug 2019  ED to book Rolls Royce for money laundering

ED to book Rolls Royce for money laundering

THE ASIAN AGE.
Published : Aug 7, 2019, 3:09 am IST
Updated : Aug 7, 2019, 3:09 am IST

Sources in the agency said the money laundering probe will be initiated on the basis of CBI’s recent FIR against Rolls Royce and others.

The ED officials are in touch with CBI sleuths and the former will soon register a case under the provisions of the Preven-tion of Money Laundering Act, they added.
 The ED officials are in touch with CBI sleuths and the former will soon register a case under the provisions of the Preven-tion of Money Laundering Act, they added.

New Delhi: The Enforcement Directorate (ED) is preparing to initiate its money laundering probe against London-based Rolls Royce and its Indian subsidiary for allegedly paying over Rs 77 crore as commission to an agent to win contracts from Public Sector Undertakings, including Hindustan Aeronautics Limited (HAL), Oil and Natural Gas Corporation (ONGC) and GAIL.

Sources in the agency said the money laundering probe will be initiated on the basis of CBI’s recent FIR against Rolls Royce and others. The ED officials are in touch with CBI sleuths and the former will soon register a case under the provisions of the Preven-tion of Money Laundering Act, they added.

 

The CBI recently filed a corruption case Rolls Royce and its Indian subsidiary for allegedly engaging the services of an agent to get contracts from public sector companies in India, including HAL, ONGC and GAIL.

The case was registered after a five-year-long inquiry by the CBI, initiated on the basis of a complaint from the defence ministry which had itself received a complaint about the eng-agement of Singapore-based Ashok Patni and his company Aashmore Pvt Ltd by Rolls Royce.

The inquiry was launched on the basis of a letter to the defence ministry about the arrangement of Rolls Royce with Mr Patni which was forwarded to the CBI for a probe.

 

Tags: rolls royce, enforcement directorate