ED begins probe against Rolls Royce in bribery case
Highlights
- The money laundering probe has been initiated based on a CBI FIR of July in which the anti-corruption agency has alleged that Rolls Royce paid 'commission' of over Rs 75 crore in its deals
- At least 100 purchase orders were placed by HAL during 2005 to 2013 with Rolls Royce where the total deals, including supply of engines, exceeded Rs 4,700 crore
(Representative image)NEW DELHI: The Enforcement Directorate has initiated a probe under the Prevention of Money Laundering Act against Rolls Royce of UK on alleged bribery charges in its contract with Hindustan Aeronautics Ltd and other public sector undertakings, including ONGC and GAIL.
The money laundering probe has been initiated based on a CBI FIR of July in which the anti-corruption agency has alleged that Rolls Royce paid "commission" of over Rs 75 crore in its deals with the three government entities to Ashok Patni of Aashmore Pvt Ltd, Singapore, who was appointed as India advisor by Rolls Royce.
At least 100 purchase orders were placed by HAL during 2005 to 2013 with Rolls Royce where the total deals, including supply of engines, exceeded Rs 4,700 crore besides other deals with ONGC and GAIL.
"Rolls Royce appointed Ashok Patni, director of Aashmore Pvt Ltd, Singapore, as commercial advisor in India for providing sales, logistic support, local business expertise and strategic advice in violation of term and condition of purchase orders and integrity pact with HAL," the FIR said. It also said Rolls Royce paid commission to Patni up to 11% of the value of purchase orders, which were not declared earlier at the time of execution of contract.
The ED will investigate the money laundering angle in the alleged "commission" paid by the UK company and government officials who may have benefited from such "illegal" payments.
The money laundering probe has been initiated based on a CBI FIR of July in which the anti-corruption agency has alleged that Rolls Royce paid "commission" of over Rs 75 crore in its deals with the three government entities to Ashok Patni of Aashmore Pvt Ltd, Singapore, who was appointed as India advisor by Rolls Royce.
At least 100 purchase orders were placed by HAL during 2005 to 2013 with Rolls Royce where the total deals, including supply of engines, exceeded Rs 4,700 crore besides other deals with ONGC and GAIL.
"Rolls Royce appointed Ashok Patni, director of Aashmore Pvt Ltd, Singapore, as commercial advisor in India for providing sales, logistic support, local business expertise and strategic advice in violation of term and condition of purchase orders and integrity pact with HAL," the FIR said. It also said Rolls Royce paid commission to Patni up to 11% of the value of purchase orders, which were not declared earlier at the time of execution of contract.
The ED will investigate the money laundering angle in the alleged "commission" paid by the UK company and government officials who may have benefited from such "illegal" payments.
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