Agus­taWest­land: Ex-IAF chief Tyagi, oth­ers get bail

Financial Chronicle - - FUNDAMENTALS, POLITICS -

A Delhi court Wed­nes­day granted bail to former Air Force chief SP Tyagi and oth­ers in a money laun­der­ing case of around Euro 28 mil­lion re­lated to the Agus­taWest­land VVIP chop­per scam.

Spe­cial judge Arvind Ku­mar granted bail to Tyagi and his cousins in­volved in the case and asked them to fur­nish a bail bond of Rs 1 lakh with one surety of the like amount. The bail was granted af­ter they ap­peared be­fore the court in pur­suance to sum­mons is­sued against them. The court had on July 24 sum­moned former Agus­taWest­land and Fin­mec­ca­nica direc­tors Giuseppe Orsi and Bruno Spag­no­lini, Tyagi and oth­ers as ac­cused in the case.

The court had asked the ac­cused to ap­pear be­fore it on Wed­nes­day, while is­su­ing fresh non­bail­able war­rants against Ital­ian mid­dle­men Carlo Gerosa and Guido Haschke and Dubaibased businessman Ra­jeev Sax­ena in the case. Also sum­moned were 28 In­dian and for­eign in­di­vid­u­als and com­pa­nies, in­clud­ing lawyer Gau­tam Khai­tan, Agus­taWest­land and its par­ent com­pany Fin­mec­ca­nica SPA. For­eign in­di­vid­u­als and firms failed to ap­pear be­fore the court.

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