Bakul Nath, the NRI son of veteran Congress leader and former Madhya Pradesh chief minister Kamal Nath, is the latest addition to the ever-growing list of Indians named in Pandora Papers, a report published by Indian Express revealed.
Besides Bakul Nath, the key accused in the AgustaWestland scam Rajiv Saxena is also present on the list of people who allegedly have undisclosed properties and entities abroad. As per the report, their names featured because of their offshore networks and alleged money flows.
Records accessed by the publication allegedly brings forth new evidence in the corruption case being handled by the CBI and ED.
Bakul Nath’s name first cropped up in the interrogation report of Rajiv Saxena, who is currently on bail. As per records, Saxena colluded with Delhi-based lawyer Gautam Khaitan and reportedly got €12.40 million from AgustaWestland in the account of Interstellar Technologies, 99.99 per cent of the shares of which were taken over by Saxena by 2000. It is alleged that the embezzled money was then used to pay the middlemen.
“We (he and co-accused Sushen Mohan Gupta) received bridge funding through Pristine River Investments, a company managed by John Docherty for Bakul Nath, son of Kamal Nath. Thus, indirectly funds from Interstellar Technologies were used to repay the loans from Pristine River Investment,” Saxena had told the Indian Express last year.
Spector Consultancy Services, an offshore company set up by Trident Trust in…