BOFORS SCAMSubmitted to: Prof Deepa chavan

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Trupti Raut 48Anil yadavDipesh sighMansi jadonPravin kharatMandar dhicholkarAakash bang

BOFORS ???

MEANING

Bofors is an iron works, cannon maker, and defence industry located in Karlskoga, Sweden. The name Bofors is strongly associated with a 40mm anti-aircraft gun based on a Bofors design.

Bofors is today split in two parts:

1) Saab Bofors Dynamics owned by Saab

2) Bofors Defence owned by United Defense

INTRODUCTION The Bofors scandal was a major corruption scandal in

India in the 1980s.

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

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

BOFORS DEAL!!!

KEY PLAYERS

Prime Minister Rajiv Gandhi

S. K. Bhatnagar

Ottavio Quattrocchi

Win Chadha

Martin Ardbo The Hindujas

BOFORS SCAM ???

 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

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.

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 $.

ROLE OF CBI

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Interpol’s Red Corner Notice withdrawn,2009.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.

EFFECTS OF BOFORS SCAMIndian National Congress bungled and lost the general

election in 1989.The scandal broke Rajiv Gandhi’s honest, corruptionfree 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.

SETBACKS

Win chadda death was a major setback.

Rajiv gandhi was cleared of the bribe case.

Trial court issues "open non-bailable arrest warrants" against Ardbo.

Former defence secretary Bhatnagar died of cancer.

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 that the prosecution has failed to prove that the Hinduja Brothers – Gopichand, Prakashchand and Srichand – were linked to the kickbacks in the Bofors deal.

CONTRADICTIONSCase 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.

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

UNETHICAL ISSUES Taking or giving bribe

Using political Power

Covering up incidents

Taking Advantage of Official Position

Wasting Public Money & time

SUGGESTIONES

Transparency in defense transactions.

Developed indigenous weapon.

Media should be given more freedom.

JAN LOKPAL BILL