Woman director of Dubai firm held in chopper scam

Woman director of Dubai firm held in chopper scam

Woman director of Dubai firm held in chopper scam
The Enforcement Directorate (ED) arrested a woman director of a Dubai-based firm in connection with its probe in a money laundering case in the AgustaWestland chopper scam, officials said on Monday.

The arrested has been identified as Shivani Saxena, a resident of Palm Jumeira in Dubai. Shivani is an active director of M/s UHY Saxena, Dubai, and M/s Matrix Holdings.

Investigators claimed that the proceeds of the crime have been routed through M/s UHY Saxena and M/s Matrix Holdings and further layered and integrated in buying immovable properties and shares.

According to the ED, M/s AgustaWestland International Ltd, the UK, paid euro 58 million as kickbacks through M/s Gordian Services Sarl, Tunisia, and M/s IDS Sarl, Tunisia, for the deal involving 12 VVIP choppers.

“These companies further siphoned off the said money/proceeds of crime in the name of consultancy contracts to M/s Interstellar Technologies Ltd, Mauritius, and others, which were further transferred to M/s UHY Saxena, Dubai, M/s Matrix Holdings Ltd, Dubai, and others,” an ED statement read.

Investigation revealed that Shivani’s husband  Rajiv Saxena is a beneficial owner of M/s Interstellar Technologies Ltd, Mauritius. They are also partners in M/s UHY Saxena and M/s Matrix Holdings Ltd.

“Both these companies received the proceeds of the crime in their respective Dubai bank accounts from M/s Interstellar Technologies Ltd. Mauritius...,” the statement said.
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