60 crores to top Indian politicians, members of the Congress party and key defence officials to seal the deal. In 1999, the Indian government lifted its blacklist on Bofors. 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. It was Madhavan who investigated some of the sensational cases in the country such as the Bofors scandal and Bhopal Gas tragedy. The two accounts, containing €3 million and $1 million, had been frozen. The broadcast claimed that Bofors had bribed several Indian politicians to get 155mm howitzers deal. [27], The Bofors scandal was a major issue that was highlighted in subsequent elections, which led to the Congress losing power. 05", "CBI seeks time to mull on Quattrocchi's case", "Bofors case: 'Petitioner interested in cheap publicity, "Bofors scam: Italian businessman Ottavio Quattrocchi dies", "Bofors gun helped India win against Pak", "Rajiv Gandhi told me to use arms deal payoffs for party funds: Ex-CBI chief", "Rajiv Gandhi wanted Bofors money to run Congress: Ex-CBI chief", "The bofors story : 25 years after - an interview with Sten Lindstrom", "Walk the talk - an interview with V.P.Singh", "Arms and the Middlemen - 7 September 2016", "India Puts New Arms Deals With Finmeccanica On Hold", "Modi govt to legalise middlemen in arms deals? 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May 11, 2012: 25 yrs after Bofors, army buys howitzers for 3000 cr In first after Bofors, army buys howitzers for 3000 cr Also read | Who is Ajay Agarwal, BJP leader who challenged HC’s verdict in Bofors case, The Indian Express is now on Telegram. 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. ", "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. he was the one who changed the Iron and Steel company to the Canon manufacturing company. [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. Bofors scam row as external affairs minister After his final chief-ministerial stint, Solanki was inducted as the external affairs minister of the P.V. Explore more on Bofors Scandal. The scandal rocked the Rajiv Gandhi-led government in the late 1980s. 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Ranganathan Madhavan (born 1 June 1970) is an Indian actor, writer and film producer who predominantly appears in Tamil and Hindi language films. NEW DELHI: Former CBI joint director K Madhavan (83) passed away on Saturday in New Delhi. On 16 January, the Indian Supreme Court directed the Indian government to ensure that Ottavio Quattrocchi did not withdraw money from the two bank accounts in London. 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 … [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. Bofors company: Firstly 'Bofors' is a Swedish arms manufacturing company. [29] Some of these were paid as personal bribes while others were paid as contributions to political parties. The middleman associated with the scandal was Ottavio Quattrocchi, an Italian businessman who represented the petrochemicals firm Snamprogetti. I think all you know about Alfred Nobel, who has introduced prestigious Noble prize, was owned the company for over two years. Rajiv Gandhi government lost 1989 polls but Bofors guns won Kargil war 10 years later. Essay on Ethics and Corruption in Governments Around the World 1384 Words | 6 Pages. The British government released the funds later. 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. Page 1 of 50 - About 500 essays. 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. CBI chargesheet in Bofors scandal. [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. The scale of the corruption was far worse than any that Sweden and India had seen before and directly led to the defeat of Gandhi's ruling Indian National Congress party in the November 1989 general elections. In 1999, the ban on Bofors Ab was lifted, a development that came at a time when the Kargil war was underway. [19], As there was no extradition treaty between India and Argentina, the case was presented in the Argentine Supreme Court. 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 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 principally financed by the Wallenberg family's Skandinaviska Enskilda Banken,[1] for winning a bid to supply to India their 155 mm field howitzer. The Interpol, at the request of the CBI, has a long-standing red corner notice to arrest Quattrocchi. [13] In second half of 2001, Win Chadha and S. K. Bhatnagar died. 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. [3], On 16 April 1987, a Swedish radio station broke out a story based on a whistleblower in the Swedish police, alleging that the reputed Swedish artillery manufacturer Bofors had paid kickbacks to people in several countries, including Sweden and India, to secure a ₹15 billion (equivalent to ₹160 billion or US$2.3 billion in 2019) contract. Bofors deal turned into a huge scandal after Swedish Radio claimed bribes were paid for it. This had been done the previous year for a deal to supply 410 155 mm calibre howitzer guns for the Indian army. [7] The journalist who secured the over 350 documents that detailed the payoffs was Chitra Subramaniam reporting for The Hindu. 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. [15], Meanwhile, the central government changed and Indian National Congress came to power after 2004 Lok Sabha elections. The other accused persons who  died were Bhatnagar, Chadda and Ardbo. 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. The government of India lost the extradition case as the government of India did not provide a key court order which was the basis of Quattrocchi's arrest. For most of us, Bofors is a reminder of corruption in defence deals. [13], However, on 16 January 2006, CBI claimed in an affidavit filed before the Supreme Court that they were still pursuing extradition orders for Quattrocchi. Bofors scandal. The Bofors scandal is supposed to be stamping on the Indian Political corruption. October 24, 2001 • Bofors case accused Win Chadha dead • Win Chadha's death won't affect Bofors case: CBI September 19, 2001 • Win Chadha continues to be in serious condition September 3, 2001 • GP and SP Hinduja allowed to travel abroad September 1, 2001 The Bofors Scandal. In 1987, Swedish Radio alleged that Bofors paid illegal commissions of Rs. It was the biggest arms deal ever in Sweden, and money marked for development projects was diverted to secure this contract at any cost. Find Bofors Scandal Latest News, Videos & Pictures on Bofors Scandal and see latest updates, news, information from NDTV.COM. On 12 July 2013, Quattrochi died of a heart attack in Milan. President Pranab Mukherjee has said that it has not been proven in any Indian court that the Bofors case was indeed a scandal. However, his passport was impounded and he was not allowed to leave the country. May 26, 2015, 13:15 PM IST 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. Just 4 days after the resignation of V P Singh, the news broadcasted on Swedish radio relating to Bofors. He passed away on July 13, 2013. 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. Madhavan's last rites were … SC agrees to hear appeal filed by BJP leader in October. [2] In 1997, the Swiss banks released some 500 documents after years of legal battle. 1,500 crore. [6], The case came into light during Vishwanath Pratap Singh's tenure as defence minister, and was revealed through investigative journalism tipped off by a Reuters news revelation on Swedish radio, followed up by a team led by N. Ram of the newspaper The Hindu. Madhavsinh Solanki never opened his mouth on the Bofors scandal. Narasimha Rao government in 1991. [9][11] As a result of the revelations, the Indian government blacklisted Bofors in 1987, preventing the company from doing business in India.[12]. In May 1987, a broadcast by a Swedish radio station revealed that bribes of ₹600 million (equivalent to ₹6.6 billion or US$92 million in 2019) had been paid by Bofors to Indian politicians, members of the Congress party and bureaucrats. not afford to spend hard-earned money on his extradition which had already cost Rs 250 crore. It was Madhavan who cracked the Swiss bank accounts of those who allegedly received kickbacks in the Bofors deal. [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. 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 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 principally financed by the Wallenberg family's Skandinaviska Enskilda Banken, for winning a bid to supply to India their 155 mm field howitzer. NEW DELHI: Former CBI joint director K Madhavan (83) passed away on Saturday in New Delhi. [14], On 10 June 2002, Delhi High Court quashed all proceedings in the case so far. Madhavan's career ended on a sad note. Bofors scandal coming into the light. Here is an overview of some of the most infamous scams that have hit the country over the years. It was Madhavan who investigated some of the sensational cases in the country such as the Bofors scandal and Bhopal Gas tragedy. * The moderation of comments is automated and not cleared manually by, Copyright © 2021 The Indian Express [P] Ltd. All Rights Reserved, Kerala’s achievement has been limiting deaths: Health Minister KK Shailaja, Ahead of minister’s India visit, Oli says issues should be settled by dialogue, Looking for lithium toehold, India finds a small deposit in Karnataka, From Lahore to London to New York via India: Ved Mehta’s unflinching gaze — and prose, Government looks at ‘expenditure’ budget to aid higher growth, Maharashtra downgrades Raj Thackeray, Fadnavis security, Cabinet rejig likely on Jan 13: BSY after Delhi meet with Shah, Nadda, Taking steps to give free Covid vaccine to all in Bengal: Mamata Banerjee, https://images.indianexpress.com/2020/08/1x1.png, Bofors case to be reopened? The lifting of the ban came during the Kargil War, when the Bofors guns proved to be efficient but were crippled by a shortage of spare parts. Guns, Swedes and the Gandhis — how the Bofors scam tested the limits of the CBI’s power In ‘A Road Well Travelled’, former CBI chief R.K. Raghavan writes about investigating the 2002 Gujarat riots, Bofors scam and cricket match-fixing scandal. A supplementary charge sheet was filed against the Hinduja brothers on October 9, 2000. The scandal rocked the Rajiv Gandhi-led government in the late 1980s. The CBI filed a chargesheet against Quattrocchi, Win Chadha who was an agent of the Swedish arms manufacturer Bofors AB, Defence Secretary S.K. Reacting to this, Chief Metropolitan Magistrate Vinod Yadav said that, This page was last edited on 30 December 2020, at 01:54. For all the latest India News, download Indian Express App. Long back in 1986 India's defence ministry bought Howitzers for its army's artillery units from this manufacturer for Rs. [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. However, this was reversed by Supreme Court of India on 7 July 2003. 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