Enforcement Directorate (ED) has summoned the CEO of a private bank in connection with its money laundering probe in the multi-crore rupee AgustaWestland VVIP helicopter deal.
Sources said the agency has summoned the top official of the bank as probe found that a number of transactions were done by the alleged middlemen involved in the deal by transfering funds from the bank’s London branch to Mauritius, Dubai and Singapore among others.
“The bank official and others have been asked to join investigations and tell if the huge amount of funds transferred were done after following the set rules in this regard. The agency needs both help and information from the bank officials to unravel the pattern of funds flow in the case,” sources said.
Sources said the agency has summoned the top official of the bank as probe found that a number of transactions were done by the alleged middlemen involved in the deal by transfering funds from the bank’s London branch to Mauritius, Dubai and Singapore among others.
“The bank official and others have been asked to join investigations and tell if the huge amount of funds transferred were done after following the set rules in this regard. The agency needs both help and information from the bank officials to unravel the pattern of funds flow in the case,” sources said.