“Upon receipt of the funds into the Coburg accounts, I requested Peter Cooper to transfer $44,000 into the accounts of Hamdaan Exports in New Delhi. I also informed Jagat that $45,000 was lying with Coburg. He then on three different dates gave me the details of three different accounts and asked me to be in touch with Peter Cooper and forward the amounts to those. The countries to which the money was sent from Coburg were Korea, Cyprus and Israel. The amounts of the transfer are $25,000, $15,000 and $5,000.’’

The ED’s complaint, signed by Special Director S K Panda, says that documents received by them from London “broadly confirm Andaleeb’s statement regarding the movement of money effected at the instructions of Jagat Singh.’’

The ED also notes that the money transfers from Coburg’s account with Lloyds TSB, given to them by London’s Serious Fraud Office, also match in terms of debit entries.

For the disbursements of commissions for the second oil contract, Andaleeb has stated on oath that he again asked Jagat Singh where his “share’’ could be deposited.

The statement reads, “Upon receipt of $50,000 against the second contract as commission from Masefield,..I asked George Curmi to transfer my share of $17,500 to the Hamdaan account in India. I asked Jagat as to where I could send his share of $14,500. (Incidentally, prior to the receipt of the commission, I had informed Jagat that in this deal a 50/50 split would not be possible) since I had to take care of some commitments and I told him that $30,000 were available in a second contract which I would share with him on 50/50 basis.’’

... contd.