The country’s premier investing agency Enforcement Directorate (ED) has arrested Rajiv Saxena in a money-laundering case linked to alleged bank fraud, officials told today.
Notably, Saxena is also accused in the Rs 3,600 crore VVIP choppers scam. India scrapped the deal in 2014 after the allegations of payment of kickbacks had surfaced. Apart from these two, his role is under probe in several other cases.
Saxena was deported from Dubai to India in January 2019 before his arrest by the ED. This was the second high-profile arrest in the case after Christian Michel, a British arms dealer and middleman in the AgustaWestland chopper deal, was arrested in the UAE and then extradited to India in December 2018. He was later granted bail in the case.
As per the ED, “Saxena is a hawala operator who runs accommodation entry business in Dubai through numerous companies, known as Matrix group companies, and has laundered proceeds of crime in the cases of…