On Monday, Delhi High court granted bail to Rajeev Saxena, who was found guilty in Rs. 3600-crores AgustaWestland money scam and was arrested.
Mr. Saxena was granted relief by a Special Judge Arvind Kumar, over furnishing a bail bond of Rs. 5 lakh and two sureties of the same amount.
The court further asked the suspect not to leave the country without the court’s permission.
Rajeev Saxena is a director of two Dubai-based firms- Matrix Holdings, and UHY Saxena, is one of the convicts named in the charge sheet filed in AgustaWestland case by Enforcement Director.
Christian Michel is the accused middleman in the deal, former AgustaWestland and Finmeccanica Directors Bruno Spagnolini and Giuseppe Orsi, ex-Air Force Chief SP Tyagi, and Shivani Saxena (wife of Mr. Saxena) have been named by the investigating agency in the charge sheet.
On January 2014, India had discarded the contract with Finmeccanica’s British subsidiary AgustaWestland for supplying of 12 AW-101 VVIP choppers to Indian Air Force over accused violation of contractual charges and obligations of kickbacks of Rs. 432 crores paid to secure the deal.