It was Madhavan who cracked the Swiss bank accounts of those who allegedly received kickbacks in the Bofors deal. 30 :: No. 60 crores to top Indian politicians, members of the Congress party and key defence officials to seal the deal. The investigations revealed flouting of rules and bypassing of institutions. [9] About a year later, on 16 April 1987, Swedish Radio alleged that Bofors paid kickbacks to people from a number of countries including top Swedish[10] and Indian politicians and key defence officials to seal the deal. I think all you know about Alfred Nobel, who has introduced prestigious Noble prize, was owned the company for over two years. CBI has been criticised by experts, social workers, political parties and people at large for the manner in which it has handled this case. [14], On 10 June 2002, Delhi High Court quashed all proceedings in the case so far. This practice was made illegal by Rajiv Gandhi in 1985 as it led to large kickbacks being paid in defence deals, especially those related to aircraft and ships. Bofors scandal. ", "Bofors case: Court to hold fresh proceedings in Quattrocchi's case", "Bofors: Court Pulls up CBI's 'Malafide Intentions, Indian Express article on CBI's handling of the Bofors scam under NDA and UPA, Bofors resurrects, gives more ammo to BJP, Death Of A Scandal – Bofors, India's Watergate, Lecture by an IMF aid projects manager about government bribery, https://en.wikipedia.org/w/index.php?title=Bofors_scandal&oldid=997112431, Creative Commons Attribution-ShareAlike License, Not appealing against the judgement of the, De-freezing of Quattrocchi's bank account in London by saying to the Crown Prosecutor that there is no case against Quattrocchi, Putting up a very weak case for Quattrocchi's. Also read | Who is Ajay Agarwal, BJP leader who challenged HC’s verdict in Bofors case, The Indian Express is now on Telegram. Known to be an honest officer, Madhavan had been involved in the investigations into several high-profile cases, including securities scam, Bofors and the Bhopal gas tragedy. May 26, 2015, 13:15 PM IST Finally, withdrawal of its case against Quattrocchi. Quattrocchi was released by Argentinian police. It was alleged that certain public servants and private persons in India and abroad had entered into a criminal conspiracy between 1982 and 1987 in pursuance of which the offences of bribery, corruption, cheating and forgery were committed. [13] In second half of 2001, Win Chadha and S. K. Bhatnagar died. 1,500 crore. Explore more on Bofors Scandal. [24] Mukherjee said Gandhi explained his position in a meeting on 19 June 1989, during a meeting between the two at the Prime Minister's residence. On 5 February 2004 even before Indian National Congress came to power in India, the Delhi High Court quashed the charges of bribery against Rajiv Gandhi and others,[16] On 31 May 2005, the Delhi High Court dismissed the allegations against the British business brothers, Srichand, Gopichand and Prakash Hinduja, but charges against others remain. [30] This led to high levels of corruption, and payments being made to politicians, bureaucrats and defence personnel to influence decisions. On March 18, 1986, India signed a Rs 1,437-crore deal with Swedish arms manufacturer AB Bofors for the supply of 400 155 mm Howitzer guns for the Army. On January 22, 1990, the Central Bureau of Investigation (CBI) lodged an FIR against the then president of Bofors Martin Ardbo, the alleged middleman Win Chadda and the Hinduja brothers for … [12], On 22 October 1999 (when National Democratic Alliance government led by the Bharatiya Janata Party was in power) the Central Bureau of Investigation (CBI) filed the first chargesheet against Quattrocchi, Win Chadha, Rajiv Gandhi, the defence secretary S. K. Bhatnagar and a number of others. 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Narasimha Rao government in 1991. Read more about Madhavsinh Solanki, man who dominated Gujarat politics before BJP's rise on Business Standard. [17] In December 2005, Mr B. Daat, the Additional Solicitor General of India, acting 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. 20 political scams that shamed India - India has been rocked by a spate of scams in the recent past. CBI chargesheet in Bofors scandal. [2], On 24 March 1986, a $285 million contract between the Government of India and Swedish arms company Bofors was signed for supply of 410 155 mm Howitzer field guns. It was the biggest arms deal ever in Sweden, and money marked for development projects was diverted to secure this contract at any cost. [26], Michael Hershman of the Fairfax Group, who made one of the earliest discoveries about the Bofors Scam, in an interview with a News Channel in October 2017, spoke about the arms deal and related irregularities. [22], Despite the controversy, the Bofors gun was used extensively as the primary field artillery during the Kargil War with Pakistan and gave India 'an edge' against Pakistan according to battlefield commanders. [2] The scandal relates to illegal kickbacks paid in a US$1.4-billion deal between the Swedish arms manufacturer Bofors with the government of India for the sale of 410 field howitzer guns, and a supply contract almost twice that amount. Page 1 of 50 - About 500 essays. On January 22, 1990, the Central Bureau of Investigation (CBI) lodged an FIR against the then president of Bofors Martin Ardbo, the alleged middleman Win Chadda and the Hinduja brothers for criminal conspiracy, cheating and forgery. Ranganathan Madhavan (born 1 June 1970) is an Indian actor, writer and film producer who predominantly appears in Tamil and Hindi language films. Though it was widely believed that V. P. Singh resigned from Rajiv Gandhi's cabinet due to the Bofors scandal, Singh clarified that he had resigned due to differences in the cabinet in commissions taken by Indian agents in the HDW submarine deal (Shishumar class)[28], Middlemen were employed in arms deals in India, both during the British Raj as well as in independent India, and commissions were paid to them under various headings and guises. But he was taken off the case on October 22, 1991. The two accounts, containing €3 million and $1 million, had been frozen. In 1999, the Indian government lifted its blacklist on Bofors. The scandal rocked the Rajiv Gandhi-led government in the late 1980s. [23], In his book, Unknown Facets of Rajiv Gandhi, Jyoti Basu and Indrajit Gupta, released in November 2013, former CBI director Dr A P Mukherjee wrote that Rajiv Gandhi wanted commission paid by defence suppliers to be used exclusively for the purpose of meeting expenses of running the Congress party. He passed away on July 13, 2013. Madhavan's career ended on a sad note. In 1987, Swedish Radio alleged that Bofors paid illegal commissions of Rs. Before that, retired Justice J D Kapoor, had on February 4, 2004, exonerated late prime minister Rajiv Gandhi in the case and directed the framing of charge of forgery under section 465 of the Indian Penal Code against Bofors company. Madhavan has won four Filmfare Awards South and three Tamil Nadu State Film Awards.He has been described as one of the few actors in India who is able to achieve pan-Indian appeal, having appeared in films from seven different languages. Bofors scandal. [33] The then defence minister Manohar Parrikar announced that in such cases, middlemen would be paid by the government for fixing arms deals under the name of "legal fees".[34]. For all the latest India News, download Indian Express App. Justice R S Sodhi (since retired) of the Delhi High Court on May 31, 2005, had quashed the CBI case in the Bofors pay-off scam. A year later, on April 16, 1987, a Swedish radio channel alleged that the company had bribed top Indian politicians and defence personnel to secure the contract. [21] However the case is still going on. [29] Some of these were paid as personal bribes while others were paid as contributions to political parties. Madhavan's last rites were … [4] However, none of the newspapers in India were aware of this. 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. In 1986, the Government of India and Bofors signed a US$285 million contract for the supply of 410 155 mm field howitzers. A Delhi court provided temporary relief for Quattrocchi from the case, for lack of sufficient evidence against him, on 4 March 2011. In 1999, the ban on Bofors Ab was lifted, a development that came at a time when the Kargil war was underway. On 12 July 2013, Quattrochi died of a heart attack in Milan. Quattrocchi, who had fled from here on July 29-30, 1993, never appeared before any court in India to face prosecution. A rising and celebrated officer, K Madhavan also took early retirement from CBI in November 1992, for reasons relatively unknown. The middleman associated with the scandal was Ottavio Quattrocchi, an Italian businessman who represented the petrochemicals firm Snamprogetti. [7] The journalist who secured the over 350 documents that detailed the payoffs was Chitra Subramaniam reporting for The Hindu. The filing of the appeal assumes significance as Attorney General K K Venugopal had recently advised the agency against moving a petition against the high court verdict after a delay of 12 years. [18] Quattrocchi was detained in Argentina on 6 February 2007, but the news of his detention was released by the CBI only on 23 February. The Bofors scandal was a major weapons-contract political scandal that occurred between India and Sweden during the 1980s and 1990s, initiated by Indian National Congress (Congress party) politicians and implicating the Indian prime minister, Rajiv Gandhi, and several other members of the Indian and Swedish governments who were accused of receiving kickbacks from Bofors AB, a bank … The CBI on Friday filed a petition in the Supreme Court challenging a 2005 order of the Delhi High Court quashing all charges against accused persons in the politically sensitive Bofors pay-off case. It was an Iron and steel company established some 350 years back in the year 1646. Tell us which of these scams has caused the most damage to the country? The Bofors scandal was a major political scandal that occurred between Sweden and India during the 1980s and 1990s, initiated by Congress politicians and implicating the Indian prime minister, Rajiv Gandhi and several other members of the Swedish and Indian governments who were accused of receiving kickbacks from Bofors AB for winning a bid to supply India's 155 mm field howitzer. Long back in 1986 India's defence ministry bought Howitzers for its army's artillery units from this manufacturer for Rs. The Bofors scandal is supposed to be stamping on the Indian Political corruption. A master strategist whose famous "KHAM" formula ensured a landslide victory for the Congress in 1985, Madhavsinh Solanki was a formidable politician Pranab Mukherjee defends Bofors scam, says it was just a media trial. This was picked up by a young journalist from The Hindu, Chitra Subramaniam, who happened to be in Sweden at that time, covering another story. 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