The Enforcement Directorate (ED) has tracked a dozen Swiss bank accounts in the name of Rajiv Saxena, who is key accused in the Rs 3,600 crore AgustaWestland VVIP chopper scam. The ED has also found out accounts held by his family members and associates where the kickbacks in the now scrapped deal were allegedly parked.
Two bank accounts are in the name of Rajiv Saxena’s associates Pankaj Jain and Sumita Jain who are also the authorised signatories. The third is in the name of another associate Ajit Singh Bubber, but Rajiv and his family members are authorised signatories. The remaining nine accounts are largely owned and operated by Rajiv, his family members and associates.
Rajiv Saxena was deported by the UAE authorities on January 30 and the ED formally arrested him the next day and a court later granted his remand to the agency. He is currently undergoing custodial interrogation by the ED. The agency had in 2017 arrested his wife Shivani who is now enlarged in bail.
The ED probe has revealed that AgustaWestland International Ltd, UK paid an amount of Euro 58 million as kickbacks through Gordian Services Sarl, Tunisia and IDS Sarl, Tunisia. These companies further siphoned off the kickback money/ Proceeds of Crime in the name of consultancy contracts to Interstellar Technologies Ltd., Mauritius and others, which were further transferred to UHY Saxena, Dubai, Matrix Holdings Ltd. Dubai and others.
The probe also revealed that Rajiv Saxena is owner of Interstellar Technologies Ltd., Mauritius. Rajiv Saxena and his wife Shivani are partners/ Directors in UHY Saxena, Dubai and Matrix Holdings Limited, Dubai. Both these companies received proceeds of bribe in their respective Dubai bank accounts from Interstellar Technologies Ltd. Mauritius.
Investigation by ED also revealed that Rajiv Saxena and his wife Shivani have remitted/ transferred huge amount of money through their companies at Dubai to various other accounts including in the Swiss Bank accounts, sources said.
The ED is probing why Rajiv Saxena is maintaining a dozen Swiss bank accounts if he and his family members were the only beneficial owners, the sources further said.