Court seeks ED's response to Deepak Talwar's bail plea
By IANS | Published: April 28, 2020 07:53 PM2020-04-28T19:53:01+5:302020-04-28T20:05:33+5:30
According to an investigation undertaken by the agency, Advantage India did not spend funds on mandated purposes.
Court seeks ED's response to Deepak Talwar's bail plea
-13 and 2015-2016 was "not utilized for the mandated purposes". As much as Rs 90.72 crore funding was received from MBDA England (leading European missile manufacturer) and Airbus France under Corporate Social Responsibility (CSR) grant process.
According to an investigation undertaken by the agency, Advantage India did not spend funds on mandated purposes. The ED alleged that a criminal conspiracy was hatched to divert funds for non-mandated purposes, by booking bogus expenditure in the books of account on the basis of forged documents.
( With inputs from IANS )
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