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  1. en.wikipedia.org › wiki › Bofors_scandalBofors scandal - Wikipedia

    Though it was widely believed that V. P. Singh resigned from Rajiv Gandhi's cabinet due to the Bofors scandal, Singh clarified that he had resigned due to differences in the cabinet in commissions taken by Indian agents in the HDW submarine deal (Shishumar class).

  2. www.indiatoday.in › magazine › special-reportHDW submarine deal: The scandal surfaces - India Today

    Mar 15, 1990 · Prime Minister V.P. Singh resigned from Rajiv Gandhi's government in April 1987 after - in his capacity as defence minister - he ordered an investigation of possible pay-offs in the purchase of HDW submarines from a West German company.

    • Special Report

  3. www.indiatoday.in › india › storyFrom Bofors to Rafale: Dubious defence deals that rocked India

    Feb 8, 2019 · Thanks to it Rajiv Gandhi lost the 1989 general elections. The scam was to do with a $1.4-billion howitzer deal between Swedish arms manufacturer Bofors and the Indian government signed in 1986. It was alleged that the Swedish company paid nearly $9 million to politicians, Congress leaders and bureaucrats.

    • India Today Web Desk
    • India

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  5. idrw.org › lost-opportunities-the-hdw-submarineLost Opportunities: The HDW Submarine Deal and Its Lingering ...

    Jul 17, 2024 · In 1981, a promising chapter in Indian naval history began with an agreement to acquire two Type 209 submarines from the German firm HDW. This deal, however, took a sharp turn for the worse, leaving behind a legacy of missed opportunities and impacting India’s submarine ambitions.

  6. corruption-tracker.org › case › the-bofors-scandalCorruption Tracker

    • Anatronic-Svenska
    • A.E. Services
    • Mcintyre-Moineao-Moresco-Pitco

    The first involves SEK 195 million (approximately $30 million USD) channelled through the companies Anatronic General Company Private Ltd. and Svenska Inc. to Win Chadha, Bofors’ long-time agent in India. Bofors had used this network for years to mask the true scale of commissions being paid to Win Chadha. Through Anatronic, registered in India, Wi...

    See full list on corruption-tracker.org

    The second network allowed Bofors to transfer US $7.3 million to Ottavio Quattrocchi, an Italian businessman with no experience in the arms trade. Both Quattrocchi and his wife, Maria, were close to Rajiv Gandhi and his wife, Sonia Gandhi. This time, Bofors had a prior arrangement with a UK-registered company called A.E. Services entitling it to 3%...

    See full list on corruption-tracker.org

    The final known network was the one Bofors went the greatest lengths to hide. Swiss records detail nine payments totalling US $11.8 million to three different bank accounts under the name of ‘McIntyre Corporation’, registered on February 14th, 1986 in Panama - a month before the India-Bofors deal was finalised. These were US $1.7 million in Credit ...

    See full list on corruption-tracker.org

  7. www.businessinsider.in › entertainment › 9-of-the9 of the biggest corruption cases that rocked India during ...

    Dec 9, 2016 · Advertisement. Bofors (1987): The Bofors scam was one of the biggest under Rajiv Gandhi’s rule. The scandal relates to illegal kickbacks paid in a US$1.4 billion deal between the Swedish arms...

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  9. www.indiatoday.in › magazine › cover-storyDefence deal: Kickback row - India Today

    Apr 30, 1987 · HDW submarine deal: V.P. Singh orders investigation of possible pay-offs On February 16, the then defence minister Vishwanath Pratap Singh slid athletically down the conning tower of INS Shishumar to mark the induction into the navy of India's first SSK (Submarine to Submarine Killer) built by the Howaldt Deutsche Werke (HDW) shipyard in Kiel ...