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Saturday, December 10, 2016

CBI ARRESTS SP TYAGI AND TWO OTHERS IN CHOPPERS DEAL

By on Saturday, December 10, 2016
Mr. SP Tyagi, the former air Chief Marshal  including the two more persons, has been arrested by the CBI in the case of Augusta Westland on Friday. Mr tyagi is the accused of disposing worth Rs 3600 crore choppers' deal to Anglo Italian company Augusta Westland.  In this connection two more accused, advocate Gautam Khetan and Sanjeev Tyagi, too have been arrested.
The three persons have been arrested under sections 120B, 420 and Anti-Corruption Act 1988. The CBI will quiz to trio in its headquarters . The CBI said that the Westland deal was done worth Rs 3767 crore and the gratification money was 12% of principal amount. The CBI spokesperson said that Mr SP Tyagi, Mr Sanjeev Tyagi and Gautam Khetan will be produced before the court on Saturday.
Enforcement Directorate summoned to Mr Tyagi under prevention of ‘Money Laundering Act’ before his arrest. Mr tyagi had confessed allegedly before the CBI that he had met with the middleman Guido Ralph Haschke. Mr SP Tyagi was summoned by the CBI in last year in this connection.
 What is money laundering?
The concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.
Prior to becoming chief of Indian Air Force, he was commanding the Western Air Command of the Air Force. He was commissioned in the fighter stream of the IAF on December 31, 1963. He is said to have "actively participated" in the 1965 and 1971 wars.
Air Chief Marshal Shashindra Pal Tyagi took over as the 20th Chief of Air Staff of the Indian Air Force from 31 December 2004. Popularly known as "Bundle", Tyagi was born at Indore on March 14, 1945. He is an alumnus of St Xavier School in Jaipur. He was commissioned in the IAF on 31 December 1963 in the fighter stream.
The initial years of his career in the air force, Tyagi flew Gnats with No.23 Squadron and later served with Hunters of No.27 Squadron. A veteran of both the 1965 and the 1971 Wars, he was one of the pioneer batches of eight pilots selected for conversion on the Jaguar Interdiction aircraft when it was inducted in 1980s. Whilst training at Lossiemouth, he was one of the two Indian pilots chosen for a Photo Recce Course at Coltishall with No.41 Squadron RAF.
The ED had arrested Gautam Khetan advocate and resident of Delhi on 23 September 2014. He was accused of money laundering in the Augusta Westland deal. His name was in the Panama paper leaks. According to the ED, Khetan is the member in Aeromatix Company at Chandigarh.

The company had manipulated a huge amount in Augasta Westland deal. Khetan was arrested again in September 2014, but he was released on bail in January 2015. A blue diary revealed the share of  bribe money. The few code word puzzles in the diary have solved by ED. The write up 'GK' means to Gautam Khetan; and brothers mean Tyagi brothers.

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