He allegedly secured favourable traffic rights for foreign airlines at the cost of AI
The Enforcement Directorate (ED) on Saturday filed a chargesheet against corporate lobbyist Deepak Talwar and his son, Aditya Talwar in a money laundering case.
Special Judge Santosh Snehi Mann will consider the chargesheet on April 15. Meanwhile, the ED attached Hotel Holiday Inn located in Aerocity, New Delhi valued at Rs 120.20 crores in a money laundering against Deepak Talwar. The money he had received through various entities were then used for the construction of the Hotel.
DP Singh and Nitesh Rana, counsel for ED informed the court that a supplementary chargesheet would be filed as the investigation was pending abroad. As per the probing agency, Talwar acted as a lobbyist in negotiations to favour foreign private airlines which eventually caused loss to Air India. Deepak Talwar illegally engaged in Liasoning with politicians, ministers, bureaucrats and officials of the ministry of civil aviation for airlines such as Emirates, Air Arabia and Qatar Airways for securing undue benefits for them.
He illegally managed to secure favourable traffic rights for these airlines during 2008-09 at the cost of the national carrier, Air India. Talwar who is currently in judicial custody had left the country in 2017 to avoid the investigation but later was deported by immigration authority of Dubai on January 31 this year.
Talwar had in return of securing favourable traffic rights, these airlines made payments to the tune of Rs 272 crores to him during 2008-09. "He later created a web of entities owned by him and his family members in India and international offshore havens, to launder Proceeds of Crime of Rs. 272 crores received from foreign airlines. Some of the payments were made to a bank account in Bank of Singapore, belonging to a company identified as Asiafield Limited registered in the British Virgin Islands and beneficially owned by him," stated the ED.
The money through various international transfers was done to integrate in India in Wave Hospitality Private Limited. As per ED officials Wave hospitality is owned and controlled by Deepak Talwar and also in the name of his son Aditya Talwar. The money was later used to construct the hotel which has been attached.
CASE FILE
- Deepak Talwar illegally engaged in Liasoning with politicians, ministers, bureaucrats and officials for securing undue benefits for foreign airlines
- These airlines made payments to the tune of Rs 272 cr to Talwar in return of securing favourable traffic rights
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 "Deepak Talwar")
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