The court had on October 6 last year issued the NBW against Rajeev Saxena, one of the directors of M/s UHY Saxena and M/s Matrix Holdings, after the Enforcement Directorate told the court that he was evading summons to join the probe.
In his application moved through his advocate, Saxena sought cancellation of the warrant claiming he was not an absconder and that he had given all the details and documents to the ED.
Rajeev's name was mentioned in a charge sheet filed against his wife Shivani Saxena, who is currently in judicial custody.
However, he has not been arrayed as an accused so far and the agency has told the court that another supplementary charge sheet may follow.
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Saxenas are residents of Palm Jumeirah in Dubai, an archipelago which is home to the most expensive properties in the United Arab Emirates (UAE), the charge sheet claimed.
The agency claimed that its probe had found that AgustaWestland, United Kingdom, had "paid an amount of Euro 58 million as kickbacks" through two Tunisia-based firms.
"These companies further siphoned off the said money in the name of consultancy contracts to M/s Interstellar Technologies Limited, Mauritius and others which were further transferred to M/s UHY Saxena and M/s Matrix Holdings Ltd, Dubai and others," the ED had alleged.
On January 1, 2014, India had scrapped the contract with Finmeccanica's British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the IAF over alleged breach of contractual obligations and charges of kickbacks of Rs 423 crore paid by it to secure the deal.
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