Click to play videoNew Delhi: Arms dealer Suresh Nanda's passport has been suspended for four weeks following a request by the Central Bureau of investigation (CBI). His father and former Indian Navy chief Admiral SM Nanda is also under the scanner.
Suresh is arguably India's biggest arms dealer and finally, after being accused of corruption charges, the CBI seems to have him in their net.
He is alleged to have received 10 per cent kickback in the Rs 1,100 crore Barak Anti-Missile System deal between an Israeli company and the Indian armed forces.
Investigations into the deal show that Nanda received Rs 400 crores from abroad in various banks accounts in India.
Sources have told CNN-IBN that Nanda's father, Admiral SM Nanda is also being investigated for receiving kickbacks in the Rs 7,000-crore deal with Russia for aircraft carrier Admiral Gorshkov.
While CBI refuses to comment, Nanda tried to defend himself after interrogations on Thursday evening.
"I think everything has come legally through proper banking channels," Suresh Nanda casually remarked.
CBI sources have told CNN-IBN that Nanda has used the kickback money to buy the Claridges Hotel in New Delhi, Searock Hotel in Mumbai, Land for SEZ near Mumbai and another hotel in Faridabad.
But what can put Nanda in a soup is his alleged British passport. He owns a company called Globetech in London and Interpol alleges that he has listed himself as a British national.
"I am an NRI for the last 24 years," Nanda replied when asked about his status.
But that is not true because Nanda's NRI status was revoked after income tax raids last year found documents pointing to crores of unaccounted wealth.
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