Pawan Hans

News, The Probe

Pawan Hans Investigation Impact: Government Decides to Revamp Bidding Process for Disinvestment of Public Assets

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In a three-part series, the Probe’s Ravi Nair, Abir Dasgupta, and Paranjoy Guha Thakurta revealed the glaring discrepancies in selecting the winning bidder for the disinvestment of the government-owned helicopter service provider Pawan Hans Limited. The Probe has learnt that the government has decided to introduce stringent clauses to the due diligence process on qualified bidders in disinvestment deals of public assets.

News, The Probe

Pawan Hans Sale: Cayman firm’s owners’ claims don’t add up

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In an interview with The Probe, Amardeep Sharma, the owner of the Cayman Islands-registered Almas Global Opportunity Fund (AGOF), claimed that the entity was eligible to bid for the government-owned helicopter service provider Pawan Hans Limited. He also asserted that the fund had no connection to Kudakwashe Reginald Tagwirei – a controversial businessman from Zimbabwe who has been sanctioned by the governments of the United States and the United Kingdom.

News, The Probe

Pawan Hans Sale: Cayman Islands company in winning bid allegedly fronted for notorious businessman from Zimbabwe

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Did the government of India know about the link of a “notorious”, “corrupt” Zimbabwean businessman to India’s Pawan Hans disinvestment deal? Ravi Nair, Abir Dasgupta and Paranjoy Guha Thakurta reveal the complex web of companies that links controversial Zimbabwean businessman Kudakwashe Regimond Tagwirei to Almas Global Opportunity Fund, which is now at the heart of India’s Pawan Hans sale.

News, News Click

Privatisation of Pawan Hans: Some Unanswered Questions

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The privatisation of the public sector helicopter operator raises questions that the government so far has refused to answer. An investigation by The Wire and NewsClick. On April 29, 2022, the Cabinet Committee on Economic Affairs approved Star9 Mobility Private Limited’s bid to buy the government’s 51% stake in public sector helicopter service provider Pawan Hans Limited for Rs 211 crore.

News, The Wire

Pawan Hans Sale: Cayman Firm in Winning Bid Flayed By NCLT for Failure to Pay, Show Funding Plan

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The privatisation of Pawan Hans Limited – the Indian government-owned helicopter operator – is shrouded in mystery. The entity that has acquired a controlling stake in Pawan Hans is Star9 Mobility Private Limited, a consortium led by a Dubai-based company about which little information is available. Indian regulators had imposed sanctions on this company, which appears not to have satisfied the eligibility criteria.

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