Assertion of key accused mentions Kamal Nath’s son, Khurshid, Patel, net of offshore corporations

Written by Ritu Sarin
| New Delhi |

November 17, 2020 4:30:55 am

Rajiv Saxena informed ED in regards to the net of transactions between his agency and that of Christian Michel (left) with entities owned by Kamal Nath’s nephew Ratul Puri (proper)

Not simply former Madhya Pradesh Chief Minister Kamal Nath’s nephew Ratul Puri however his son Bakul Nath, too, together with Congress leaders Salman Khurshid and Ahmed Patel, finds point out within the interrogation statements of Rajiv Saxena, chartered accountant and key accused within the Rs 3,000-crore Augusta Westland VVIP chopper deal case.

Saxena, at present on bail, was extradited from Dubai in January 2019 and was interrogated by the Enforcement Directorate, which connected his belongings price Rs 385 crore. The ED is now earlier than the Supreme Court docket in a bid to divest Saxena of his approver standing for allegedly not absolutely disclosing the info of the case.

Saxena’s assertion, working into over 1,000 pages (together with supporting paperwork) was accessed by The Indian Express together with copies of banking statements, information of offshore firms, and e mail correspondence between key gamers. These present a number of alleged hawala transactions and a fancy net of offshore buildings that Saxena admitted to organising for the co-accused.

The crux of Saxena’s assertion particulars how alleged kickbacks of the Augusta Westland deal — it was cancelled by the UPA II authorities – flowed via two firms, Saxena’s Interstellar Applied sciences and World Providers owned by Christian Michel who was extradited to India in December 2018 and stays in jail.

These payoffs, Saxena informed ED, “had been (additionally) for the good thing about political leaders and bureaucrats who had been in a positionof influencing the choice at that time of time. A few of these funds had been as soon as once more, immediately or not directly, via structured transactions, and a number of the buildings arrange by me, had been routed into investments in India.”

In its newest supplementary chargesheet filed on September 17, the CBI has mentioned that in 2000, Saxena acquired 99.9% shares of Interstellar Applied sciences.

The chargesheet cites Letters Rogatory from Italy and Mauritius and alleges that Saxena, in collusion with Gautam Khaitan, acquired Euro 12.40 million within the account of Interstellar Applied sciences from Augusta Westland. This was “additional routed/laundered for paying the middlemen and suspected public servants concerned within the case…”

There are additionally particulars of funds totalling Euro 9,48,862 made by World Providers into 4 firms owned by Saxena: Pacific Worldwide FZC; Midas Metals Worldwide LLC; Metolix Ltd; and Eurotrade Ltd.

Saxena’s interrogation focuses on monetary transactions of two different key Augusta Westland case accused, defence seller Sushen Mohan Gupta and former Madhya Pradesh Chief Minister Kamal Nath’s nephew Ratul Puri.

Each Gupta and Puri have been in custody and at the moment are on bail.

Saxena alleges that “name-dropping” by Gupta and Khaitan was “legendary.” “They often dropped names of main political figures of their dialog with a view to impress upon their affect within the corridors of energy. They typically talked about the names of Salman Khurshid and Kamal uncle which I deduce was a reference to Mr Kamal Nath…”

Answering a direct query on political beneficiaries, Saxena mentioned: “I’m conscious that Interstellar Applied sciences Restricted was one of many principal firms to obtain kickbacks from the Augusta Westland. Interstellar Applied sciences was beneficially owned by Sushen Mohan Gupta who managed the corporate via Gautam Khaitan…Throughout my conferences with Sushen Mohan Gupta and Gautam Khaitan they typically talked about political beneficiaries in India. The title AP was talked about by them and was a reference to Ahmed Patel.’’

Revealing alleged political hyperlinks of the payoffs by way of firm buildings arrange by him or via his Dubai-based firm ies Restricted and World Providers have flowed into Moser Energy Restricted (Ratul Puri’s firm) via Optima Investments P Ltd, an organization managed by Ratul Puri and his household.”

In his assertion, Saxena brings up a vital reference to an organization referred to as Pristine River Investments. “We (Sushen Mhan Gupta and himself) acquired bridge funding via Pristine River Investments, an organization managed by John Docherty for Bakul Nath, son of Kamal Nath. Thus, not directly funds from Interstellar Applied sciences and World Providers had been used to repay the loans from Pristine River Investments.”

When contacted, Kamal Nath informed The Indian Categorical: “I’ve acknowledged earlier that I’ve nothing to do with the businesses or transactions of my nephew, Ratul Puri. So far as my son, Bakul Nath, is anxious, he’s an NRI based mostly in Dubai. I had heard about him being described because the Useful Proprietor of Pristine River and after I spoke to my son, he mentioned he knew nothing in regards to the firm. There aren’t any paperwork or financial institution accounts which show a connection to him. Anybody can open an offshore account and put a reputation of somebody as Useful Proprietor and never even inform him. He might not even find out about it.”

When contacted, Khurshid mentioned: “I’m stunned that my title has cropped up as a part of the Augusta Westland investigations. Dev Mohan Gupta, the daddy of Sushen Mohan Gupta is a detailed household good friend and I’m his effectively wisher. In addition to realizing him effectively, I have no idea or have any reference to different individuals named within the case like Ratul Puri or Rajiv Saxena.’’

Curiously, in one of many newest units of dozens of question-answer transcripts, Saxena has admitted that Ratul Puri had visited him in Dubai following his spouse Shivani Saxena’s arrest by the ED in December 2018.

Throughout the assembly, Saxena mentioned, he (Saxena) confirmed Puri proof of remittances from World Providers linked to the Augusta Westland kickbacks. He has additionally admitted that, “he (Ratul Puri) acknowledged that he didn’t know Christian Michel James however these transactions have been carried out by his hawala operators…I’ve been despatched messages by him for the reason that time he got here to Dubai instructing me to not give any doc/data/assertion linking his father or his uncle in any matter…”

When contacted, Puri informed The Indian Categorical: “Neither I, in my private capability nor my firm have been concerned in any enterprise regarding defence, defence procurement or armaments…We function and personal a number of companies in numerous nations…we adjust to all the mandatory native guidelines, laws and legal guidelines that pertain to India. Because the matter is sub-judice, due to this fact, we can’t remark.”

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