Airbus got Rs 1,000-crore undue benefits in Air India deal: ED

According to the ED, the terms and conditions approved by the then Cabinet Committee on Security to purchase aircraft were deleted and a new condition was added in the purchase agreement with Airbus

The Enforcement Directorate’s (ED) money laundering probe into an Air India deal with Airbus to supply 43 passenger planes has revealed fraudulent benefit of Rs 1,000 crore to the European aviation firm.

According to the enforcement agency, the terms and conditions approved by the then Cabinet Committee on Security to purchase aircraft were deleted and a new condition was added in the purchase agreement with Airbus. The ED has submitted its probe report along with the evidence to the special court of Prevention of Money Laundering Act (PMLA).

The government had approved the purchase of 43 Airbus aircraft in 2006