Embraer deal: Look-out notice against Khanna

NEW DELHI: CBI has issued a look-out circular against NRI arms dealer Vipin Khanna in the $208 million (Rs 1,350 crore) Embraer deal after registering a case against him and two companies as it claimed to have found evidence that kickbacks worth $5.70 million were paid to clinch the contract for supply of three aircraft to India in 2008. A month after beginning inquiry into the deal, CBI issued the look-out notice to prevent Khanna from leaving the country The deal for the three aircraft, which were to be used by the Defence Research and Development Organisation (DRDO) for air-borne radar systems, was inked with Embraer in 2008.