New Laws of Commercial Registration and Trade Names take effect on Thursday    Civil Defense warns of heavy rains across Saudi Arabia until Monday    Saudi Exchange suspends trading of seven companies over financial disclosure delays    New fleet of 76 public transport buses starts operation in Jeddah on Tuesday Environmentally friendly electric buses introduced for first time    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    EU preparing 'further countermeasures' to protect its interest, von der Leyen says    Tesla sales plunge after backlash against Elon Musk    Musk's X is suing India, as Tesla and Starlink plan entry    Israel announces expansion of military operation in Gaza to seize 'large areas' of land    US cancels visa of Nobel Peace Prize winner Oscar Arias    Danish prime minister refutes US claim on Greenland on visit to the Arctic territory    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Cristiano Ronaldo joins Fatal Fury: City of the Wolves    Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Scandal hits India's defense plan
Published in The Saudi Gazette on 09 - 07 - 2009

An arms corruption scandal is threatening to delay India's $30 billion plan to modernize its military to counter security threats on its borders, officials said on Wednesday.
The scandal, involving seven companies being investigated for paying bribes to win contracts worth $2 billion, has revived memories of the Bofors arms procurement affair that contributed to the Congress party's defeat in an election in 1989.
On Wednesday, India's defense minister told the parliament that the government was reviewing procurement procedures and had halted all of the deals involving the seven companies, which relate to artillery, ammunition and weapons control systems.
“It is perhaps the biggest corruption scandal in defense deals in India,” said Harsh Bhal, spokesman for India's Central Bureau of Investigation (CBI). “It is a huge investigation and could take lot of time to get to the bottom of the scam.”
The companies under investigation are one each from Israel and Poland, two from Singapore and three from India.
India is one of the world's biggest arms importers, and the Congress-led government plans to spend more than $30 billion on defense upgrades over the next five years to counter potential threats from Pakistan and China.
“The armed forces are in urgent need of modernisation, but this scam will cause further delays in weapons induction,” Uday Bhaskar, director of the National Maritime Foundation, a New Delhi-based defence think-tank said.
Last November's Mumbai attacks, in which 10 gunmen killed 166 people in Mumbai in a three-day rampage, gave further impetus to India's need to plug security loopholes and acquire modern weapon systems to tackle growing militancy.
The military had planned to buy 140 modern artillery cannons from one of the companies involved.
“We will wait for the CBI to finish investigations and are not looking for alternatives at the moment,” defense ministry spokesman Sitanshu Kar said.
In May, the CBI arrested a senior defence official for bribery and has indicated that more arrests could follow in the case.
Analysts say the Congress-led government is wary that opposition parties could make the arms scandal an issue.
In the mid-1980s, India's Gandhi family was accused of favoring an Italian businessman in connection with the delivery of the $16 million Bofors guns to the army in what was then the biggest corruption scandal to hit the Congress party.
“The Congress headquarters is already worried that the shadow of the Bofors scandal could come back to haunt them.... They don't want to hand over an issue to the opposition on a platter,” political analyst Kuldip Nayar said.
The government is separately negotiating for the purchase of 126 fighter jets in a deal valued at $10.4 billion.
Boeing's F/A-18 Super Hornet, France's Dassault Rafale, Lockheed Martin Corp's F-16, Russia's MiG-35, Sweden's Saab JAS-39 Gripen and the Eurofighter Typhoon, produced by a consortium of European companies, will all soon take part in field trials to decide the contract.


Clic here to read the story from its source.