AVIATION SCAM LINKED TO DEEPAK TALWAR


DEEPAK TALWAR – AVIATION SCAM…

Three Foreign Firms With Links To Deepak Talwar's Close Aide, ED Identifies In The Aviation Scam
This is a case of money laundering, held in October, 2019, related to consultations that allegedly favoured foreign private airlines and caused loss to state-owned Air India.
Corporate lobbyist Deepak Talwar has been accused of being a middleman in fixing bribes to politicians and public servants to make sure that Air India goes into  loss to favour foreign and local private airlines.

The Case
The Enforcement Directorate have identified three foreign companies which were attached  to  Mr. Yasmin Kapoor,  who is a close associate of Deepak Talwar and alleged that these companies were used to wash the bribes received in an aviation scam. Talwar's lawyers tried to defend him by denying the charges by calling those baseless. The co-accused, Yasmin was arrested on October 3.


ED told a local court that a firm controlled by Yasmin Kapoor called Stone Travels, had received more than 6 crores from a Mauritius or Dubai company during the time when the aviation deal involving Air India was struck. It was found that Gulshan Promoters Pvt Ltd who owned Yasmin's residence on A P J Abdul Kalam road and one of whose promoters, Devendra Dogra, had alleged to receive $3.765 million(about 16 crores) from Gilt Asset  Management , a company which was controlled by Deepak Talwar and  was accused to had received bribes in the aviation deal.


ED also told the court that Dogra and Kautilya Pte Ltd of Dubai had send money in that period to Stone Travels which it routed to various entities. ED also claimed that a domestic travel company,
Cedar Travels which included involvement of Yasmin Kapoor, Deepak Talwar and his family members. Yasmin was a director of that company and the transactions of the company were being investigated.
Another company,   Gabriel Trading Ltd, B V I (British Virgin Islands) was there in the remand application where Kapoor was a director with .Talwar and Dogra , the agency said.
According to the agency ,one more company, Y K Technologies Dubai,  was cited,   where Kapoor and her daughter were directors.

According to me,
In today's era ,a lot of money laundering cases are coming out which shows that people nowadays are focusing more on money in which they forget their ethics.  If they will run their business ethically,  it will grow slower but will last longer. 

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