ED Letter Reveals It Still Has No Access to Michel’s Bank Details

The AgustaWestland case main accused, Christian Michel, was questioned by the investigating agencies, CBI and ED for a month after being extradited to India from Dubai on 5 January 2018 – but it seems that the agencies still haven’t made any major breakthroughs in the case, especially in cracking the alleged bribe money trail. As recently as 30 December, the Enforcement Directorate wrote a letter to Michel’s lawyer seeking bank accounts statements and balance sheets of his companies. Does this mean that the agencies, since the inception of the probe in 2012, haven’t been able to get access to the bank details of his companies through which bribe money was allegedly paid? Did the banks located in these foreign countries refuse to share Michel’s companies’ bank account details with Indian agencies? The agencies had claimed that Michel entered into 12 contracts with AgustaWestland and Finmeccanica through two of his firms – namely M/s Global Trade & Commerce Ltd. in London and M/s Global Services FZE in Dubai – to legitimise the alleged kickbacks on the procurement of VVIP choppers by India. It also alleged by the agencies that Euro 42.27 million (Rs 295 crore approx) was paid by the Finmeccanica Group, AgustaWestland’s parent company, to Michel’s firms as alleged kickbacks in the VVIP chopper deal. Photo Courtesy: Google.
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