bofors scandal Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. bofors scandal Blogs, Comments and Archive News on. The Bofors scam was one of India’s biggest political scandals that happened between India and Sweden in s and s. It majorly involved politicians from. The Bofors scandal, which revolved around the purchase of guns for the Indian Army, has been an albatross around the Congress party’s neck.

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Bofors scam: A timeline of the 31-year-old, Rs 1,437-cr India-Sweden deal

Bhatnagar and a number of others. The CBI petition comes just days after Attorney General KK Venugopal advised the government against an appeal, saying it was likely to be dismissed only on account of the long delay. It came to light through investigative journalism carried out by the Reuters news revealing thins on the Swedish radio, followed by N.

Your subscription will end shortly. Supreme Court dismisses CBI petition challenging HC verdict of discharging Hinduja brothers – Srichand, Prakashchand and another – in Bofors case and closing the politically sensitive case on ground that the appeal is time barred pic.

She was based in Geneva as a United Nations UN correspondent when the Swedish State Radio reported in April that bribes had been paid to Indians and others for the sale of field howitzers to India by the Swedish arms manufacturer, Bofors.

For his or her assistance in securing payment, the individual receives some sort of payment cash, goods, services or favor the hiring of a relative, employment, etc.

Engine manufacturer Rolls Royce, Tatra truck manufacturer Czech Republic and Israeli firms Rafael and Israeli Aerospace Industries IAI are the four companies with whom “restricted procurements” are allowed on the basis of operational urgency, national security and non-availability of other alternatives.

The scandal around the Rs 1,crore Bofors deal erupted after a Swedish newspaper reported that Bofors AB, a Swedish arms manufacturer, had paid bribes to ensure that the company received a contract to supply the Indian Army with howitzers. He alleged the entire deal reeks of gross mismanagement.

Rafale deal should not be politicised: The middleman associated with the scandal was Ottavio Quattrocchian Italian businessman who represented the petrochemicals firm Snamprogetti.


From around the Web. Get The International Pack for free for your first 30 days for unlimited Smartphone and Tablet access. Delhi UniversityStanford University. On 10 JuneDelhi High Court quashed all proceedings in the case so far. Daat, the Additional Solicitor General of Indiaacting on behalf of the Indian Government and the CBI, requested the British Government that two British bank accounts of Quattrocchi be unfrozen on the grounds of insufficient evidence to link these accounts to the Bofors payoff.

Though it was widely believed that V. In an interview inthe BJP MP Subramaniam Swamy opined that the revelation of the Bofors scandal was largely a making of people who wanted the Soviet Union’s monopoly over selling arms and weapons to India to continue.

Ruling out referring the Rafale deal to a parliamentary panel, finance minister Arun Jaitley on Sunday launched a blistering attack on the Congress, calling it “bad losers” and said the CAG’s view of the deal is not relevant after the Supreme Court’s clean chit. Archived from the original on 17 April The scale of the corruption was so devastating that it directly led to the defeat of the Gandhi’s Congress party in the general elections.

The scandal ultimately led to the door of then Prime Minister Rajiv Gandhi with claims being made that he himself had received a bribe.

Bofors scandal – Wikipedia

Even before India became a republic, the then Indian high commissioner to the UK V K Krishna Menon ignored protocol and signed a Rs 80 lakh contract with a foreign firm for supply of jeeps scandao the Indian Army. While the Congress said it would probe the “collusion” xcandal Prime Minister Narendra Modi and his government with the company once it comes to power inthe BJP condemned it for allegedly giving the issue a political colour.

A Delhi court on Friday decided to hear on July 30 the CBI’s plea seeking a direction to allow it to go for further probe into the politically sensitive Rs crore Bofors payoff case.

Veerappa Moily accuses PM Modi of playing with country’s security.

Gandhi Mukherjee Shinde Kharge. It majorly involved politicians from the Congress party, primarily implicating the then Prime Minister, Rajiv Gandhi and several people from the Swedish government. Archived from the original on 16 September Some points to be noted:.

The SC dismissed the CBI’s appeal as it found the agency’s reasons for a year delay in filing an appeal unacceptable. In Maya broadcast by a Swedish radio station revealed that bribes of Rs. Retrieved from ” https: Inthe Indian government lifted its blacklist on Bofors.


A year later, on April 16,a Swedish radio channel alleged that the company had bribed top Indian politicians and defence personnel to secure the contract. On 16 January, the Indian Supreme Court directed the Indian government to ensure scandao Ottavio Quattrocchi did not withdraw money from the two bank accounts in London.

The long running Bofors deal scandal

Archived from the original on 5 January Retrieved 13 December It is considered to be the biggest arms deal ever to have happen in Sweden. The Interpolat the request of the CBI, has a long-standing red corner notice to arrest Quattrocchi.

Hershman had, in recent television interviews, claimed that Rajiv was “furious” when he found a Swiss bank account ‘Mont Blanc,’ which allegedly held the bribe money for the gun scandal. Later the articles were published in The Indian Express and The Statesman when The Hindu stopped publishing stories about the Bofors scandal under immense government pressure and Chitra Subramaniam moved to the two newspapers.

The first chargesheet was filed in the case in The subscription details associated with this account need to be updated.

What is the Bofors scam case? | India News, The Indian Express

From Wikipedia, the free encyclopedia. The Hidden Business of Democracy in India. Vir Sanghvi looks back boforw the Bofors scandal”. Please update your billing details here. National Entrepreneurship Awards In she joined Republic news channel launched by Arnab Goswami. After failing thrice, Indian Bofors clears internal trials. Hence for the purchase of high altitude guns for the army, tenders were invited from companies around the world, to be chosen on the basis of weapon quality and costs.

Indian Army gets M howitzers 30 years after Bofors scandal 18 May, The term “kickback” comes from colloquial English languageand describes the way a recipient of illegal gain “kicks back” a portion of it to another person for that person’s assistance in obtaining it.