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Bofors is an iron works, cannon maker, and

defence industry located in 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:

Saab Bofors Dynamics owned by Saab Bofors Defence owned by United Defence

The Bofors scandal was a major corruption scandal in India in the 1980s was far worse than any that India had seen before in 80s.

PM 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

KEY PLAYERS IN BOFORS SCANDAL

Rajiv Gandhi

S. K. Bhatnagar

Ottavio Quattrocchi

Martin Ardbo

Win Chadha

The Hindujas

Dagens Eko (the news service of Swedish public radio) first threw light on it.

The case came to light during Vishwanath pratap singhs tenure as defense minister, and was revealed through investigate journalism by Chitra Subramanian and N.Ram of the news papers the Indian express and The Hindu

 Indian national congress lost elections in 1989 The scandal broke Rajiv Gandhi s honest ,

corruption free image in public

Formation of joint parliamentary committee to

investigate the case

V.p. singh was dismissed as defense minister The defense material system procedure

procurement changed citing high level corruption

The deal was worth 1437.72 crore that time. The kickbacks were sighted to be to the tune of Rs 640 crore, but the probe cost Rs 250 crore, in a time span of 18 years.

 Case has been closed(4/3/2011) No concrete steps in any way

taken where arrests or freezing

of assets stashed abroad have

been done.
Court discharges QUATTROCHI
Nor CBI nor any other agency or

ministry has been able to bring

about money involved in the case.

Rajiv gandhi was cleared of the bribe case

The Delhi HC ruled that the prosecution has failed to prove that the Hinduja Brothers Gopi chand, Prakash chand and Sri chand were linked to the kickbacks in the Bofors deal.
Deaths of Former defense secretary Bhatnagar & Win chadda was a major setback to case

 Taking or giving bribe

Using political Power

Covering up incidents

Taking Advantage of

Official Position

 Transparency in defense transactions

Developed indigenious weapon

Media should be given more freedom

Jan lokpal bill

By

Shashi Kumar M .R MBA

1NZ12MBA51 NEW HORIZON COLLEGE OF MANAGEMENT STUDIES