NNWN/ New Delhi, 2018-05-23

An NGO, Advantage India and its owner and an aviation consultant Deepak Talwar have come under the Enforcement Directorate search net now. The ED  on Wednesday conducted multiple searches in Delhi and Haryana in connection with a case of alleged money laundering against aviation consultant Deepak Talwar, an NGO linked to him, and others for allegedly "misutilising" over Rs 90 crore funds taken through the foreign funding route, officials said.In all, nine premises were raided. The raids were conducted after the ED registered a criminal case under the Prevention of Money Laundering Act (PMLA), based on a CBI FIR of last year.
Talwar is believed to be in Dubai.According to availlable informaion, the Enforctorate (ED) case is in connection with the allegations of misutilisation of foreign contribution (under the Foreign Contribution Regulation Act) which were received as part of the corporate social responsibility (CSR) scheme for the purpose of carrying out educational and social activities in India. The financial investigating agency is looking at the laundering of alleged tainted funds in this case.
The Central Bureau of Investigation had filed a criminal case in November last year and subsequently conducted multiple searches. The CBI had then said that "the funds were allegedly received mainly from a foreign based company to the tune of Rs 90.72 crore in the bank accounts of a Delhi-based private firm/NGO registered under the FCRA, 2010, for carrying out social welfare activities in the field of education.
Delhi-based NGO Ms Advantage India, Ms Accordis Health Care Pvt Ltd, Talwar, Sunil Khandewal of Accordis Health, the MD of Accordis Health Raman Kapoor, another consultant T Kapoor and other unknown persons were booked by the CBI at that time. The investigating agench had alleged that Talwar and the NGO, in the name of purchasing ambulances and other articles, diverted the funds received from Europe's leading missile manufacturing company MBDA and the Airbus group.This, the CBI had claimed, was in alleged violation of the FCRA. It had also said that FIR was filed against the accused based on a complaint of the Union Home Ministry.
The Income Tax Department has also been probing Talwar and others on charges of alleged tax evasion.