Oil-for-Food: 'Money paid to Jagat'

A TV report claimed that kickbacks in the oil contracts have been finally traced to Natwar's son Jagat Singh.

A leading television channel alleged on Thursday night that investigations by Enforcement Directorate (ED) have found that Rs 1.50 crore in kickbacks have been paid to former External Affairs minister K Natwar Singh's son Jagat Singh, who strongly denied any such dealings.

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A television channel quoting unnamed sources said that kickbacks in the oil contracts have been finally traced to Jagat Singh and the breakthrough came last week after ED got "crucial bank documents" that showed money transactions abroad.

The channel said Jagat Singh received Rs 1.5 crore of the total Rs 8 crore paid by Masefield as kickback, which was allegedly deposited in a London bank account in 2001. The remaining money was shared by various others including his cousin Aditya Khanna, the channel said.

When contacted by the channel, Jagat Singh said, "I will not comment till there is documentary evidence. I challenge the ED to give an account number for these alleged deposits."