2 more Tyagi firms surface
By: Sameer K.
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A day after it emerged that former IAF chief S P Tyagi had substantial stakes in three companies, the money trail of the alleged kickbacks in the VVIP chopper deal has led to two more firms.
Tyagi has 50% stake in a company , Krishnom, formed in April 2010 with his cousins Rajiv, Sanjeev and Sandeep Tyagi as the other partners.The four bought a commercial property in 2010 for Rs 1.6 crore, which was rented to Bank of Baroda. Tyagi gets 50% of the rent from the property . The other company is Krishanyan, in which money was allegedly transferred through Gordian Services SARL, Tunisia, linked to European middlemen Guido Haschke and Carlo Gerosa.Krishnayan was formed in 2004 and Rajiv, Sanjeev and Sandeep are partners in it.
During questioning on Tuesday , the former IAF chief admitted to links in all five companies, said CBI sources.Sanjeev Tyagi had earlier told investigators his family and firms controlled by them had purchased properties worth Rs 9 crore since 2006.
Investigators have found that Tyagi owns four more companies – Anuras, Vanshi, Shavan and Meghanshu. These companies, sources said, saw suspicious flow of funds.
Several payments were made to the Tyagi brothers by European middlemen as part of the alleged bribery before 2010. Two payments -Rs 2.49 crore and Rs 4.5 crore -were made between 2004 and 2011.The technical parameters of the choppers to be bought were tweaked in 2005 to allegedly favour AgustaWestland and the deal was inked in 2010.
Several SMSes sent to S P Tyagi for his reaction did not elicit any response. Sanjeev Tyagi has claimed that his family and companies in which they are directors had purchased properties worth Rs 9 crore since 2006.
Most of the properties and remittances have been identified by the probe agencies. Some properties in DLF Gurgaon, Noida, KG Marg New Delhi, Kaushambi Ghaziabad have already been attached by ED as made from “proceeds of crime“ while there are other properties as well, said sources.
An ED document says, “Tyagi brothers have claimed before sleuths that the firms were providing consultancy services in the field of power, oil, gas, transportation and real state sector and no other work was done by them and no other person was workinghired by these firms for providing such consultancy services.“
As per the documents, Sanjeev admitted during his questioning by ED in 2014 that his companies Krishan Neel (126,000 euros) and Krishnayan (200,000 euros) received money from Gordon Services and that there was no agreement or MoU between the companies. Further, Rajiv Tyagi told ED that Krishnom drew rent from Bank of Baroda. Sandeep Tyagi told investigators that he had total investments of Rs 1.76 crore out of which Rs 27 lakh was in fixed deposits, Rs 1.01crore in mutual funds and Rs 48 lakh in shares.
ED, on the basis of interrogations, claims that “Tyagi brothers were in the field of consultancy in infrastructure sector and were primarily involved in identifying international partners consortium partners for project (s) to be executed in India and they were also suggesting names of Indian companies to international partners in the field of power, transportation, oil and gas, doing studies and finding the persons interested in investing in real estate sector“.
