The Enforcement Directorate conducted searches in Kolkata as part of an investigation into alleged fund routing from TMC's bank accounts for purchasing an Embraer jet and an AgustaWestland helicopter. The probe suggests Rs 160 crore was transferred to Carewell Aviation, with Rs 112 crore used for aircraft. The ED suspects the arrangement was designed to camouflage the true purpose of transactions. This comes amidst frozen TMC bank accounts and ongoing internal party disputes.
The Enforcement Directorate has frozen bank deposits of the Trinamool Congress worth Rs 440 crore under the anti-money laundering law. This action follows searches in a funds misappropriation case, with allegations of significant transfers to a private aviation company and the purchase of luxury aircraft.
Legacy 650 is a longer-range version of the Legacy 600 giving it a range capability of 7,223 km.
Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian market. Besides, the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats.
As Damascus teetered, Assad's aide orchestrated a shadowy airlift, spiriting millions and secrets to Russia, paving his own escape route.
Lockheed Martin plans to establish a C-130J Super Hercules co-production facility in India, the first outside the US, as the IAF seeks to procure new transport aircraft.
If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US, top officials of the company told PTI.
The project would be carried out indigenously and the majority of the technology and equipment to be used would be made in India.
Brazilian aircraft maker Embraer on Friday said it has signed an agreement with the Indian government for the sale of five 'Legacy' executive jets for VVIP use.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
American armaments dominated the defence services's show of weaponry.
Nitin A Gokhale, Co-founder, BharatShakti.in and long-time Rediff.com contributor, remembers a most unusual politician.
