This Article is From Apr 23, 2013

VIP chopper scam: Bank accounts of former Air Force chief SP Tyagi frozen

VIP chopper scam: Bank accounts of former Air Force chief SP Tyagi frozen
New Delhi: The bank accounts of former Air Force chief SP Tyagi and many others accused in the VVIP chopper scam have been frozen by the Central Bureau of Investigation (CBI) today.

Mr Tyagi has been charged with corruption and conspiracy by the CBI, which says he and his three cousins were bribed to swing a 12-helicopter contract in favour of Anglo-Italian defence firm AugustaWestland (AW). The Tyagis have denied wrongdoing in the deal.

Those whose accounts have been frozen include the Indian agents of Finmeccanica, the parent company of AW. This move is significant in that it is perhaps an indication that the CBI, which so far has not admitted to having clinching evidence that the kickbacks went all the way to the former Air Chief Marshal, could have found new leads in the case.

The CBI says that Mr Tyagi is being investigated for misusing his official position for the AW deal, signed in 2010, and worth 3,600 crores.

The agency alleges that it has found documents that suggest that he changed the Air Force's requirements for the helicopters to match AW's offerings, allowing it to beat two other competitors.

Mr Tyagi has pointed out in his defence that the contract was signed three years after he retired.

The inquiry in India came after an Italian investigation disclosing that AW and Finmeccanica had paid bribes worth nearly Rs. 350 crores through a complex web of companies and middlemen to land the deal.



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