Andaleeb then gave the details of the other mysterious firm, Fynmores, into which he said Jagat Singh asked money to be routed into.

“He gave me details of John Ball with his account number. I asked George Curmi to transfer the funds $14,500 or $15,000 (I do not remember correctly). These funds were transferred sometime in December 2001.’’

The distribution of commissions for the deals, including those to Coburg and Fynmores, have also been confirmed by a statement on oath given to the Directorate by Aditya Khanna.

The ED’s conclusion on the role of Jagat Singh: “Jagat Singh, along with his associates, jointly and severally, without the permission of the Reserve Bank of India made payments and transferred foreign exchange of $89,000 to the account (No 11281208-0101 of M/S Coburg Associates and further $14,500 to M/S Fynmores, that is, to persons outside India in contravention of the provisions of FEMA.

Following the dispatch of the show-cause notice and complaint, the ED is now sending some 3,000 pages

of evidence to each of the noticees in the case. These include statements, bank-transfer details and other

evidence handed over to the the ED by the Iraqi Government, the United Nations, the Serious Fraud Office and the Ministry of External Affairs.

—(Tomorrow: ED on how Natwar Singh fathered the deal)