Enforcement Directorate Attaches Five Star Delhi Hotel

The Enforcement Directorate attached hotel Holiday Inn in Aerocity area of National Capital. The hotel could be valued at Rs. 120 crore, in connection with a money laundering case against alleged aviation lobbyist Deepak Talwar. In our previous post we have identified the number of companies associated with Deepak Talwar and his family members.

Deepak Talwar, who was deported from Dubai and arrested by the enforcement directorate, was the beneficial owner of the company called Wave Hospitality Private Limited, that used tainted money to construct the hotel, next to the Indira Gandhi International Airport.

The multi-storeyed plush hotel boasts of some of the most expensive boarding and dining facilities in the Aerocity complex that was constructed few years ago for international and domestic air passengers coming to Delhi.

According to Enforcement Directorate a provisional order for attaching the Delhi Holiday Inn was issued under the Prevention of Money Laundering Act.

Deepak Talwar illegally engaged in liasoning /lobbying with politicians, ministers and other public servants and officials of the Ministry of Civil Aviation for airlines such as Emirates, Air Arabia and Qatar Airways for securing undue benefits for them during the tenure of the UPA government.

Extensive Links with Politicians

Deepak Talwar was politically well connected with the Ministers of erstwhile UPA government and was acting as liason between aviation and oil and gas ministries. Earlier the agency alleged that Deepak Talwar had links with Fugitive Economic Offender Vijay Mallya. Additionally, some newspapers identified the links between the merger of the two Government owned Airlines with then aviation minister Prafull Patel. His associations with the heavy weight ministers helped him to generate income from which he built the Aerocity Holiday Inn.

Onkar Bhanarkar
Onkar is a Masters in Cyber Security, Ireland. He is a cybersecurity professional with extensive knowledge in Digital forensic investigations and Risk assessment. Onkar Bhanarkar is the Specialist Regtech analyst who contributes articles on money laundering enforcement actions in India, GDPR, Risk assessment, and Cyber Attacks.