CBI forms SIT for AgustaWestland and Vijay Mallya case

| Thursday, June 9, 2016 - 16:43
First Published |
CBI forms SIT for AgustaWestland and Vijay Mallya case

New Delhi: The Central Bureau of Investigation has constituted a Special Investigation Team (SIT) to probe into the corruption cases including AgustaWestland and Vijay Mallya case.
The CBI has been probing into Rs 3600-crore VVIP Chopper deal and have also questioned the alleged middlemen, Praveen Bakshi Gautam Khaitan with substancial evidences gathered during the investigation.
In addition to this, the Rs 9000-cr money laundering case agianst the liquor barn Vijay Mallya has also been transferred to the Special Investigation Team. 
The team is going to be headed by an additional-director level officer and more such cases will be entrusted to the team as per the need, according to the reports. 
What is the AgustaWestland VVIP chopper case?

In February 2010, the Congress-led UPA government signed a contract with UK-based AgustaWestland to buy 12 AW101 helicopters for the Indian Air Force amounting to Rs 3,600 crore. The purpose of this deal was to have chopppers fly VVIPs like the President, Prime minister and others VVIPs.
However in 2013, the deal was put on hold by the government after Bruno Spagnolin, CEO of AgustaWestland and Guiseppe Orsi, Chairman of the Italian parent company Finmeccanica, were arrested on charges of bribing middlemen to acquire the deal with IAF.
The then defence minister, AK Antony had ordered a probe into the matter a day after this matter came to the fore.
What is Vijay Mallya case?
Mallya who is presently in self-exile in the United Kingdom, owes over Rs 7,200 crore to a consortium of bankers led by SBI for loans taken to run the now-defunct Kingfisher Airlines, in addition to other defults that he is accused of. The banks claim Vijay Mallya had given personal guarantees apart from pledging his stake in the UB Group companies to raise funds for the airline which grounded due to heavy losses. 


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