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    ED to seek fugitive economic offender tag for Sanjay Bhandari

    Synopsis

    Sanjay Bhandari's close associates may be booked for money laundering.

    Sanjay Bhandari (File Pic)
    NEW DELHI: The Enforcement Directorate (ED) will shortly move court seeking to declare absconding arms dealer Sanjay Bhandari a fugitive economic offender (FEO).

    The agency is readying its paperwork to obtain the tag for Bhandari, an alleged associate of Robert Vadra, brother-in-law of Congress president Rahul Gandhi.

    Vadra along with Bhandari and others are under investigation for acquiring half a dozen undeclared properties, worth 12 million pounds in London. The said properties were allegedly acquired from kickbacks received from defence and petroleum deals.

    The agency will petition the court on the basis of alleged undeclared wealth acquired by Bhandari. He is also being probed by the Income Tax Department for possessing undeclared wealth to the tune of over Rs 500 crore.

    People with direct knowledge of the matter told ET that the probe agencies are all set to slap money laundering charges against “close associates” of Bhandari. These include Bhandari’s two family members and “business associates” including a foreign national.

    Raghav


    ED has already questioned Robert Vadra over a dozen times for over 50 hours. Vadra has repeatedly denied links to any foreign properties and association with Bhandari.

    Last month, the Central Bureau of Investigation (CBI) registered a criminal case against Bhandari, unknown officials of the Indian Air Force (IAF), Defence Ministry, Swiss plane maker Pilatus Aircraft Ltd for alleged corruption in a Rs 2,985 crore deal for 75 basic trainer planes in 2009. Bhandari’s involvement in allegedly routing kickbacks in other defence deals during UPA regime and a petroleum deal (2009) is also under the scanner of investigative agencies.

    ET in March had reported that the Income Tax department had shared findings of its investigation with ED, setting the ball rolling to seek FEO tag for Bhandari.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    2 Comments on this Story

    Jagdish Kumar Bhargava382 days ago
    how these plunders were operating during UPA 1&2 can be gauged from the money they had earned as bribe to purchase costly properties in London.And now Priyanka is visiting Sonbhadra to prove that she is the only supporter of poor farmers.Money trail of Gandhi family should be disclosed to Public soon.
    Nagar Jadav383 days ago
    Same way the Rafale deal must be investigated.How Anil Ambani co .has been given defence deal for Rafale?Why Sovereign Guarantee has been waived? It is the deal of 30 000 kick back.
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