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Ex-BJP member Vikas Garg met SkyExchange promoter Tibrewal in London over Ebix acquisition, says ED

CorroboratedIndependently reported by at least two distinct newsrooms in our registry.

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The Enforcement Directorate has disclosed that ex-BJP leader Vikas Garg met SkyExchange promoter Rajesh Tibrewal in London last year to discuss the $1.2 billion Ebix acquisition. The meeting occurred as the ED probes alleged financial irregularities tied to the deal, with Tibrewal’s SkyExchange already under scrutiny over funding and deal structuring. Garg, expelled from the BJP in 2023, was involved in negotiations despite political fallout, with London serving as a neutral ground. The ED is now cross-checking his statements against financial records, casting fresh doubt on the transaction’s transparency.

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