More skeletons tumble out of arms dealer Sanjay Bhandari's closet

Discussion in 'Politics & Society' started by harsh, Jun 2, 2016.

  1. harsh

    harsh Regular Member

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    NEW DELHI: The probe against arms dealer Sanjay Bhandari is getting bigger with sleuths examining at least two defence deals in which they suspect he could be involved.

    According to sources, Bhandari, whose alleged link with Sonia Gandhi’s son-in-law Robert Vadra was reported by Express on Tuesday, is suspected to be involved in an Indian Air Force basic trainer aircraft purchase for which a deal worth around D 4,000 crore was signed during the previous UPA regime in 2012. The investigators are also looking into a Mirage upgrade program, worth thousands of crores. Interestingly, this deal too was signed when UPA was in power in 2011.

    “The focus of the investigation primarily is to look into tax evasion by Bhandari and whether three companies that have come under the scanner were involved in channelling slush funds received by him,” sources said. The first company being probed by the enforcement agencies is Offset India Solutions Private Limited, which was floated on February 13, 2008, with Bhandari as one of the directors. Bhandari’s firm, with its office in Delhi, claims to offer offset requirements to foreign defence companies.

    Bhandari’s Micromet Ati India Private Limited is also under the scanner for alleged tax evasion and round-tripping of slush funds. Micromet was launched in November 2010 with Bhandari as director. The third company, which is being probed for alleged money laundering and tax evasion, is Avaana Software and Services Private Limited incorporated in January 2004. Bhandari was appointed as the director in Avaana in January 2007.

    Bhandari, sources said, is also linked to Deepak Agarwal of suspected shell company Skyline. Agarwal was one of the promoters of shell companies that came under the scanner for donating Rs 2 crore to Arvind Kejriwal’s campaign last year.

    Meanwhile, BJP leader Sidharth Nath Singh on Tuesday admitted to having social links with Bhandari. However, he charged the Congress for diverting the issue from Robert Vadra by dragging his name. “To set the record straight, let me admit, I know Mr Bhandari socially. Our children went to the same school. My association with him is social and unlike Vadra who is under investigation for acquiring property in London. Congress has alleged that I made over 450 calls in a short period to Bhandari; that is incorrect,” he said.

    Sonia Targets 'SHAHENSHAH'

    [MOD Edit: Add link]

    http://www.newindianexpress.com/nat...handaris-closet/2016/06/01/article3460742.ece
     
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  3. harsh

    harsh Regular Member

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    The Meteoric Rise And Accidental Fall of Defence Dealer Sanjay Bhandari

    On April 27, 2015, when income tax officials descended on his residence in Greater Kailash, Sanjay Bhandari, the man at the centre of the controversy for allegedly holding Benami properties forRobert Vadra, damaged his SIM card to keep his “contacts” under wraps.

    Indeed it was his “contacts” that the government agencies were after.

    In 2014, after the BJP came to power, a top secret report of the Intelligence Bureau (IB) listed Bhandari as a close aide of Vadra, son-in-law of Congress president Sonia Gandhi, and mentioned that he was friends with the son of a former senior BJP leader.

    In fact, Bhadari’s contact list was so impressive that after the I-T raids, he could send word to Prime Minister Narendra Modi through two influential people to explore possibility of immunity in exchange of information. However, his request received a cold response and he went into a shell, deserted by his powerful friends, including cabinet ministers, senior intelligence officials, industrialists, senior judicial functionaries and power brokers.

    Before entering the defence industry, Bhandari looked after his father’s homeopathic clinics in Connaught Place. He studied at Modern School and inherited a number of ambitious friends and tasted success early in life. In his 40s, he had money, well-connected friends and a dream. He first dabbled in the oil and natural gas industry in 2002-07, when there was a lot of interest in the sector.

    Things, however, changed in 2008. Bhandari was introduced to Delhi’s elite power circle by a property dealer in Defence Colony, and he made his debut in defence. He roped in his friend, Bimal Sareen, a known figure in the industry. In January 2010, he booked a stall at the defence expo in Pragati Maidan, but failed to attract interest.

    Though he had little to offer, Swiss firm Pilatus decided to engage Bhandari’s Offset India Solutions (OIS) and in 2012 Pilatus won a Rs 4,000 crore basic trainer for an aircraft contract. Though OIS was not officially with Pilatus, there are no secrets in the murky world of defence.

    The corridors of South Block began to echo his name. That year, Bhandari got a bigger spot, possibly the best, at the expo and caught everyone’s attention, including that of defence correspondents who are always on the lookout for new players in the sector.

    Ever since Bhandari first left his mark at the expo, he was widely rumoured to have the blessings of Vadra. It was also at this time that he began to make enemies.

    He bid aggressively for defence contracts, and also took a leaf out of corrupt contractors’ books and started filing complaints against his competitors in a bid to scuttle their chances. This, of course, annoyed both armed forces officials, who were desperate for quick procurement, and other defence contractors. Nonetheless, he became known as the go-to guy in defence.

    A Hindustan Times report published earlier this month established that even before the trials for Basic Trainer Aircrafts (BTA) in September-October 2010, Bhandari received one million Swiss francs from Pilatus. It was also revealed that OIS was not listed as an offshore provider of the firm in documents filed with the Indian Air Force. The report revealed unexplained payments to tune of Rs 69 crore his companies received.

    It was only by chance that the I-T department landed on this case, which has now snowballed into a political controversy of mammoth proportions. The Rs 69 crore Bhandari’s seven companies received came from a known Hawala operator, Deepak Aggarwal, who being scrutinised in a separate case involving funding to the Aam Aadmi Party.

    This led them to Bhandari, whose phones were tapped. Bhandari was led to believe it was routine scrutiny. The I-T survey report, a secret document, and sensitive defence ministry documents related to acquisitions were later recovered in his possession during raids.

    By virtue of being a security service provider, Bhandari knew the nuances of keeping secrets — he routinely erased his hard drives, snooped on his staff and installed high-level security applications. Despite such extraordinary precautions, an email trail connecting him to Vadra was revealed.

    The IB despatched a report alerting the PMO about the significance of the development and the Enforcement Directorate (ED) was ordered to swing into action. For any effective action, the ED would need a cognisable offence and it is waiting for the I-T department to register a case under the newly enacted Black Money Act.

    The battle is now political.

    [MOD Edit: Add link]

    http://www.hindustantimes.com/india...ay-bhandari/story-ZWtvzYRBmH7uo8XXwnP8ZN.html
     
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  4. pmaitra

    pmaitra Moderator Moderator

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    Even after being told several times, no link was posted with the articles. Next time, it will be a short vacation, so that the vacation can be utilized for reviewing the forum rules.
     
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  5. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    Its is once again that first family , the Dalal family. Rajiv gandhi himself was a great agent of many european companies of defense. He was on the payroll of Saab.
     
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  6. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    Is that so hard to get? Just contact the service provider, dig up past bills/call logs. Check on whose name are those numbers registered.
     
  7. Rahul Singh

    Rahul Singh Senior Member Senior Member

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    The Pilatus deal and Mirage upgradation deal were both too fishy to ignore.

    Mirage 2000s was ridiculously costly. $40 million for one airfrane. The updradation package did not even included engine. An Isreali kit for same level of upgradation with half the cost was throughly neglected. Most interesting when put in contrast with Mig-29 upgradation package is, Mig package included engine replacement too. And it was closed for little over $500 million for over 55 airframes. That's less than $10 million per airframe and it includes two engine per airframe.

    It doesn't take a genius to smell a fish.

    And Pilatus ofcourse. Well not much was known about dilution of benchmark in Pilatus deal then. But bitterness that IAF chief showed against the HTT-40 was indicative of foul intentions. Now when we have details. Obvious question is, when is Ambassador NAK Browine coming home?
     
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