ED: TMC paid little-known company Rs 160 crore to buy a jet & helicopter
NEW DELHI: An ED investigation into a Kolkata-based aviation company has found that the Mamata Banerjee-led Trinamool Congress allegedly funded Rs 160 crore from the party's coffers to a little-known firm, Carewell Aviation India Pvt Ltd , to buy an Embraer jet and an Agusta VIP helicopter, which it subsequently rented out to TMC for Rs 187 crore.
Sources said the money laundering probe was focused on TMC providing an interest-free security deposit of Rs 88.5 crore to the aviation company, which had no funds to buy the jet and the chopper it then gave to the party on rent. As soon as it received the security deposit, Carewell Aviation transferred it to its offshore entity, Carewell Flyjet IFSC Pvt Ltd, registered in Gujarat's Gift City, treated as foreign territory, for further purchase of the jet and the helicopter.
Sources said the money laundering probe was focused on TMC providing an interest-free security deposit of Rs 88.5 crore to the aviation company, which had no funds to buy the jet and the chopper it then gave to the party on rent. As soon as it received the security deposit, Carewell Aviation transferred it to its offshore entity, Carewell Flyjet IFSC Pvt Ltd, registered in Gujarat's Gift City, treated as foreign territory, for further purchase of the jet and the helicopter.
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