Bofors scam ppt by archit shama 9653349979

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BOFORS ?
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BOFORS DEAL!!
The Government of INDIA and A.B. BOFORS in Sweden on March 24, 1986 for the supply of 410 field howitzers ammunition and other accessories as part of the 155 mm gun system at a total cost of Rs.1,437.72 crores
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KEY PLAPERS images (1).jpg IndiaTodaycoverJuly151987.JPG ottavio_quattrocchi-230_030411045550.jpg C:Documents and SettingsonkarDesktopBOforswin chadha.jpg 12.jpg 16240044.jpg C:Documents and SettingsonkarDesktopBOforssrichand hinduja.jpg Rajiv Gandhi (P.M. of India) S.K. Bhatnagar (Former defense secretary) Win Chadha (Arms agent) Ottavio Quattrochi (Alleged middleman) Hindujas (Proprietors of the UK-based industrial group) Martin Ardbo (Former Bofors chief)

Prime Minister Rajiv Gandhi and several others were accused of receiving kickbacks from Bofors AB for winning a bid to supply India's 155 mm field howitzer.
It has been speculated that the scale of the scandal was to the tune of Rs. 400 million
At 6% of the total contract amount, these “business charges” amount to a whopping Rs 600 crore on a Rs 10,000 crore deal.
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HOW THE SCAM EXPOSED
Dagens Eko (the news service of Swedish Public Radio).
The case came to light during Vishwanath Pratap Singh 's tenure as defense minister, and was revealed through investigative journalism by Chitra Subramaniam and N. Ram of the newspapers the Indian Express and The Hindu .
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VOILATION OF LAW
Violation of Prevention of Corruption Act, 1947 read with sections 409, 420, 468 and 471 of the Indian Penal Code.
Violation of the Indian defense policies and rules and harmed the public exchequer, besides committing breach of propriety.
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ROLE OF CBI
Complaint registered, Jan 1990.
Special Investigation team appointed.
Files Chargesheets against Quattrochi , Win Chadha , Indian defence secretary S.K.Bhatnagar , Bofor’s chief Ardbo .
Defreeze 2 London A/c containing 3 million Euro and 1 million $.
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Fails to extradite Quattrochi from Malaysia and Argentina.
Interpol’s Red Corner Notice withdrawn,2009.
Delhi Court discharges
Quattrochi .
More than 250 crores spent by CBI.
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EFFECTS OF BOFORS SCAM
Indian National Congress bungled and lost the general election in 1989.
The scandal broke Rajiv Gandhi’s honest, corruption
free image in public.
Formation of Joint parliamentary committee to investigate the case.
V.P. Singh was dismissed as defense minister as well as from the congress party.
BOFORS became synonymous to the top level bureaucratic corruption.
Defense material procurement procedure changed citing the high level of corruption involved in this case.
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SETBACKS
Win chadda death was a major setback.
Rajiv gandhi was cleared of the bribe case.
Former defence secretary Bhatnagar died of cancer.
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CONTRADICTIONS
The deal was worth 1437.72 crore that time. The kickbacks were sighted to be to the tune of Rs 64 crore , but the probe cost Rs 250 crore , in a time span of 18 years.
The HC ruled ,prosecution has failed to prove that the Hinduja Brothers – Gopichand , Prakashchand and Srichand – were linked to the kickbacks in the Bofors deal.
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Case has been closed (04.03.2011)
No concrete steps in any way taken where arrests or freezing of assets stashed abroad have been done.
Nor CBI nor any other agency or ministry has been able to bring about any money involved in the case.
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END OF CASE
The Bofors saga may at
last be over with the
Delhi High Court's
verdict quashing the charges of criminal conspiracy and cheating against the Hinduja Brothers and the Bofors company
12.jpg http://www.hinduonnet.com/fline/fl2213/images/20050701004003101.jpg

Bofors scam ppt by archit shama 9653349979

by Archit Sharma

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