Deepak Talwar used bribe money to buy hotel in Delhi: Enforcement Directorate

New Delhi: The Enforcement Directorate (ED) probing a money laundering case against corporate lobbyist Deepak Talwar has found incriminating documents suggesting he allegedly used funds received by his front entities in Singapore to buy commercial properties in the national capital. A senior ED official involved in the probe said after his deportation from the United Arab Emirates (UAE) on January 30, Talwar had revealed during questioning that he had received around Rs 350 crore in several bank accounts.

The official said Rs 200 crore was allegedly received in a bank account of one of Talwar’s company in Singapore and Rs 90 crore in an NGO named Advantage India. According to an Income Tax Department report, the bank statements of Talwar’s companies showed that $9.6 million was paid by Qatar Airways, $9.8 million by Air Arabia and $10.01 million by an individual to his company’s Singapore bank account. The ED official said Talwar was using the money received from the foreign companies to invest in commercial properties in Delhi, including a hotel. (IANS)

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