http://www.indianexpress.com/news/one-fir-govt-blacklists-7-firms-hits-artillery-upgrade/472107/
Indian Govt blacklists 7 firms
New Delhi:
The Indian Ministry of Defence, taking note of bribery allegations in a fresh case, blacklisted seven firms, including gun manufacturer Singapore Technologies (ST) and munitions giant Israeli Military Industries (IMI) until further notice.
With all dealings with the two firms put on hold, defence contracts worth over Rs 6,000 crore — all involving artillery guns and ammunition for the Army — are now in deep freeze.
Confirming a report in The Indian Express, the Ministry of Defence said “all acquisition cases in the pipeline” with seven firms have been “put on hold” after their names figured in a CBI probe into corruption charges against former Director General of Ordnance Factory Board Sudipta Ghosh.
Indian Govt blacklists 7 firms
New Delhi:
The Indian Ministry of Defence, taking note of bribery allegations in a fresh case, blacklisted seven firms, including gun manufacturer Singapore Technologies (ST) and munitions giant Israeli Military Industries (IMI) until further notice.
With all dealings with the two firms put on hold, defence contracts worth over Rs 6,000 crore — all involving artillery guns and ammunition for the Army — are now in deep freeze.
Confirming a report in The Indian Express, the Ministry of Defence said “all acquisition cases in the pipeline” with seven firms have been “put on hold” after their names figured in a CBI probe into corruption charges against former Director General of Ordnance Factory Board Sudipta Ghosh.
