Israeli representative of German company ThyssenKrupp, Michael Ganor, received about €10.2 million as bribe for the purchase of submarines by the Israeli Navy,
Indias defense ministry approved a new liberalised blacklisting policy on Monday where armament companies suspected of corruption will be blacklisted for one year at a time, instead of the existing norm of 10 years at a go. The defence acquisitions council (DAC), chaired by defence minister Manohar Parrikar, approved the new guidelines for suspension or banning of business dealings with arms companies, which will be made public in the next few days, Economic Times reports
There was no mention of decisions relating to blacklisting of companies and the report on strategic partnerships in the Indian Defense Acquisition Council (DAC) meeting press briefing Tuesday. India has already firmed up the new Defense Procurement Procedure, but it is yet to take up policy changes relating to blacklisting of firms accused of corruption
A Delhi court has issued an open ended non-bailable warrant against Christian Michael James in the INR 3,600 crore (US $540 million) VVIP Chopper deal case. The Central Bureau of Investigation had sought a non-bailable arrest warrant against a London-based accused in the VVIP helicopter ‘scam case earlier this month
Boeing has ended $4.7 million contract with Indian Hindustan Aeronautics (HAL) citing shoddy production quality of components for the nations P-8I Poseidon maritime patrol aircraft and F/A-18E/F Super Hornet
Indias latest Defense Procurement Procedure (DPP) is likely to propose alternative mechanisms to curb corruption instead of blacklisting defense manufacturers. The new DPP to be announced next month is considering ‘negotiated resolution with the accused company similar to ‘deferred prosecution agreements (DPA) followed by UK and US, according to Indian Express news daily report on Thursday
An inquiry by the Indian Air Force and Ministry of Defense (MoD) may have found no substance in the AgustaWestland bribery allegations prior to handing over the case to the Central Bureau of Investigation (CBI). Former Indian Air Force Chief, Air Chief Marshal SP Tyagi said in an interview to India Today magazine, "Since there were allegations, an inquiry was definitely required
Swedish industry figures have urged the government to uphold the cooperation with Saudi Arabia. In an opinion piece published Friday by newspaper Dagens Nyheter, 31 prominent representatives of Swedish industry argued that terminating the deal would jeopardise Swedens reputation as a serious trading partner
Russias state arms exporter will deliver more than $13 billion worth of military equipment to foreign customers in 2013, a senior official was quoted as saying by RIA Novosti. “Its a new record
Indian Army procurement projects, mainly concerning artillery guns and ammunition worth an estimated $1.5 billion have been put on hold following the blacklisting of Singapore Technologies, Israeli Military Industries (IMI), BVT (Poland) and four other companies
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