Tatra truck deal: ED sends LRs to the UK, HK
PTI
New Delhi: Speeding up its probe in a controversial defence deal that had surfaced last year, the Enforcement Directorate has recently sent judicial requests to the UK and Hong Kong in connection with its money laundering probe in the Tatra truck deal. The agency has dispatched the requests, called Letters Rogatory (LRs) in judicial terminology, after a special court here recently allowed its request in this regard.
The ED has registered a case under the Prevention of Money Laundering Act (PMLA) in April last year against Vectra Chairman Ravi Rishi and few other firms after former Army chief Gen V K Singh had alleged that he was offered a Rs 14 crore bribe in September, 2010 to clear the purchase of a tranche of 1,676 Tatra trucks for the army.
The LRs, according to sources, have been sent to the UK as Tatra Sipox is based there and Rishi is a Director of the firm, while the one to Hong Kong has been sent to authorities as a firm - Venus Projects - held substantial shares (50 per cent till 2009) in the same firm (Tatra Sipox). The ED wants to know the company structure, its business dealings in India and across the globe and the share holding patterns of these firms through the LRs which will be executed by local enforcement authorities of these two countries, they said.
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