Ministry of Defence has suspended all the
business dealing with arms dealer Sanjay Bhandari Bhandari who is
facing cases of violation of the Official Secrets Act and of allegedly various
financial crimes ranging from money laundering to corruption in arms deals.
The defence ministry's vigilance wing on Friday
issued an order to all departments and wings as well as the Army, IAF and Navy
headquarters to suspend all business dealings with Bhandari's flagship Offset India Solutions (Private) Ltd and
all its group companies with immediate effect.
no-body some years back Bhandari managed to emerge as Somebody with capital S
in the lucrative Indian defence market in about seven or eight years, it is
said, and he got into deep trouble when some “classified” documents dealing
with big-ticket defence procurements and plans were seized in an income tax
raid on his premises in April 2016.
to say, he did hold many benami
properties in high-profile areas abroad; it is said his assets included
undisclosed deposits in foreign bank accounts in the UAE in the various foreign
currency denominations, beneficial ownership of companies incorporated in the
UAE, one Flat in Palms Jumeirah, Dubai and two flats in the UK.