On Saturday, a case was registered by the Central Bureau of Investigation against unknown officials of the Indian Air Force, Ministry of Defence, arms dealer Sanjay Bhandari and Switzerland-based Pilatus Aircraft Limited for alleged irregularities in the procurement of 75 basic trainer aircraft in 2009.
The CBI has also alleged that an amount of Rs. 339 crore was floated between the parties of the deal.
Late night searches were carried out by the CBI on Friday at the residence and office of Bhandari in connection with the deal.
The premier probe agency has flagged the Swizz-based company as an accused in the Rs 339 crore contract for 75 basic trainer aircraft from Switzerland signed in 2009, citing irregularities and incorrect price calculations.