VVIP choppers case: ED arrests businessman Gautam Khaitan

Enforcement Directorate on Tuesday arrested businessman Gautam Khaitan in money laundering probe in VVIP choppers deal case.

Updated: Sep 23, 2014, 12:00 PM IST

New Delhi: Enforcement Directorate on Tuesday arrested businessman Gautam Khaitan in money laundering probe in VVIP choppers deal case.

India cancelled the Rs 3,600 crore deal Jan 1 "on grounds of breach of pre-contract integrity pact and the agreement by AWIL (AgustaWestland International Limited)" and initiated a process to seize bank guarantees deposited in banks in Italy and India.

The deal was scrapped more than a year after reports said two top officials of the company allegedly paid bribes to bag the contract for the chopper-maker.

The AgustaWestland deal was inked in February 2010 for supply of 12 VVIP helicopters to the Indian Air Force.