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ED starts money-laundering probe in Rolls-Royce corruption case

ED starts money-laundering probe in Rolls-Royce corruption case

New Delhi: The ED has registered a money-laundering case against Rolls-Royce and its Indian subsidiary in connection with an alleged corruption case, where the London-based engineering company paid "commissions" to a Singapore-based company, Aashmore Pvt Ltd, in order to secure contracts worth over Rs 4,700 crore from Hindustan Aeronautics Limited (HAL).

The Enforcement Directorate has taken cognisance of the corruption case, initially filed by the CBI, to investigate under the provisions of the PMLA, whether there were instances of money-laundering as a result of the alleged corruption.

The CBI had earlier this year filed a case against Rolls-Royce and a subsidiary, alleging that the commissions were also paid to Aashmore to secure contracts of supplying spare parts to ONGC and GAIL as well. The preliminary enquiry by CBI had revealed that Rolls Royce paid up to Rs 76.22 crore in commissions to companies related to Patni for securing contracts with HAL, GAIL, and ONGC between 2007 and 2011. As per the central probe agency, parts of these commission payments were allegedly used to pay kickbacks to officials of HAL, GAIL, and ONGC, who were involved in the procurement process.P5

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