ED attaches Deepak Talwar's Aerocity hotel
Says ‘crime money’ used to build Holiday Inn next to IGI Airport
New Delhi: The Enforcement Directorate (ED) on Saturday attached hotel Holiday Inn, valued at Rs 120 crore, located in the upscale Aerocity area in the national capital, in connection with a money laundering case against alleged aviation lobbyist Deepak Talwar. Talwar, who was deported from Dubai in January this year and arrested by the agency, "beneficially owned" a company, Wave Hospitality Private Ltd, that, the ED alleged, used "crime proceeds in the construction of hotel Holiday Inn in Aerocity, New Delhi, next to Indira Gandhi International Airport".
The multi-storeyed plush hotel boasts some of the most expensive boarding and dining facilities in the Aerocity complex that was constructed few years ago for international and domestic air passengers coming to Delhi.
The agency said a provisional order for attaching the property was issued by it under the Prevention of Money Laundering Act (PMLA). The ED is probing Talwar in a criminal case of money laundering.
The agency alleged that he "illegally engaged in liasoning/ lobbying with politicians, ministers and other public servants and officials of the Ministry of Civil Aviation for airlines such as Emirates, Air Arabia and Qatar Airways for securing undue benefits for them" during the tenure of the UPA government.
"He (Talwar) illegally managed to secure favourable traffic rights for these airlines during 2008-09 at the cost of national carrier, Air India," the agency said in a statement.
Investigations revealed that in lieu of securing favourable traffic rights, these airlines made payments to the tune of Rs 272 crore to Talwar during 2008-09, it said. "It has been revealed that Talwar 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 crore received from foreign airlines," the statement said.