Factories of Graft ; the Ofb Scandal Proves That Corruption Still Thrives in Defence Deals and Highlights the Governments Inability to Usher Reform in Defence Production.
Linked as:
Summary
Its the worlds largest government production departmenta conglomerate of 40 defence factories which kits the Indian armed forces with everything from boots, rifles and ammunition to military trucks. The bribery scandal which has now hit the 200-year-old Ordnance Factory Board (OFB) has exposed the gangrene in an organisation long called the fourth arm of Indian defence.
Days after the CBI uncovered cash, jewellery and bank deposits worth over Rs 6 crore with Sudipta Ghosh, who retired as the OFBs director-general on April 30, the Ministry of Defence (MOD) cracked down on seven defence suppliers. These included two large global firms, Singapore Technologies and Israel Military Industries (IMI), alleged to have paid bribes to Ghosh.See the full content of this document
Extract
Factories of Graft ; the Ofb Scandal Proves That Corruption Still Thrives in Defence Deals and Highlights the Governments Inability to Usher Reform in Defence Production.
Other firms on the blacklist are B.V.T. of Poland, Media Architects Pvt Ltd of Singapore and three Indian private sector firms, H.Y.T. Engineering, R.K. Machine Tools and T.S. Kishan and Company. The MOD has been barred from doing business with these firms, a move the army says will impede its modernisation drive (see box). Till the CBI is able to com...
See the full content of this document
Sponsored links
