Boforsis an iron works, cannon maker, and defence industry located inKarlskoga, Sweden. The nameBofors is strongly associated with a 40mm anti-aircraft gun based on aBofors design. Bofors is today split in two parts:SaabBofors Dynamics owned by Saab,Bofors Defence owned by UnitedDefense 1/30/2012 2
Transcript of "Bofors scam ppt by archit shama 9653349979"
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
(P.M. of India)
S.K. Bhatnagar (Former
Win Chadha (Arms agent)
Hindujas (Proprietors of the
UK-based industrial group)
(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.
HOW THE SCAM EXPOSED
Dagens Eko (the news service of Swedish Public
The case came to light during VishwanathPratap Singh's
tenure as defense minister, and was revealed through
investigative journalism by ChitraSubramaniam and
N. Ram of the newspapers the Indian Express and
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
ROLE OF CBI
1. Complaint registered, Jan 1990.
2. Special Investigation team
3. Files Chargesheets against
Indian defence secretary
S.K.Bhatnagar, Bofor’s chief
4. Defreeze 2 London A/c
containing 3 million Euro
and 1 million $.
6. Fails to extradite Quattrochi
from Malaysia and Argentina.
7. Interpol’s Red Corner Notice
8. Delhi Court discharges
5. More than 250 crores spent by
EFFECTS OF BOFORS SCAM
ØIndian National Congress bungled and lost the general
election in 1989.
ØThe scandal broke Rajiv Gandhi’s honest, corruption
free image in public.
ØFormation of Joint parliamentary committee to investigate the
Ø V.P. Singh was dismissed as defense minister as well as from
the congress party.
Ø BOFORS became synonymous to the top level bureaucratic
ØDefense material procurement procedure changed citing the
high level of corruption involved in this case.
Win chadda death was a
Rajiv gandhi was cleared
of the bribe case.
Former defence secretary
Bhatnagar died of
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.
Case has been closed
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.
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