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    HomeAsiaIndiaEmbraer paid kickbacks of $5.76 mn to bag 2008 IAF deal, ED...

    Embraer paid kickbacks of $5.76 mn to bag 2008 IAF deal, ED tells court

    By: Express News Service | New Delhi |

    December 10, 2020 9:03:52 am





    IAF, 2008 IAF deal, Embraer SA, Embraer SA paid kickbacks in IAF deal, India news, ED on IAF deal, Indian expressAccording to ED, the “said kickbacks of $5.76 million” were routed by Embraer through its subsidiaries to Interdev in lieu of a “sham agreement”. (File)

    Brazilian aerospace company Embraer SA paid kickbacks to the tune of $5.76 million to bag a $210 million deal with the Indian Air () in 2008, the Enforcement Directorate (ED) has told a special court in Delhi.

    The agency on Wednesday filed a prosecution complaint against Embraer, M/s Interdev Aviation Services Pte. Ltd., KRBL Limited and its director Anoop Kumar Gupta along with Gupta's nephew Anurag Potdar and others before Special Judge (PMLA), Rouse Avenue Court.

    The ED case is based on a 2016 CBI FIR which had booked NRI arms dealer Vipin Khanna along with Embraer and -based Interdev for alleged payment of commission in the UPA-era deal. The case was referred to CBI after the Brazilian press reported that Embraer was under probe in the US and for engaging middlemen for its deals abroad, including India.

    It is alleged that the kickbacks were allegedly routed from Embraer subsidiaries to Khanna through Interdev in three instalments of $1.92 million each in 2009. The commissions in the deal, it is alleged, were routed through Austria and…

    Continue Reading This Article At The Indian Express

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