Saturday, Nov 16, 2002
Front Page |
Southern States |
Other States |
Advts: Classifieds | Employment | Obituary |
By Our Legal Correspondent
On Thursday, the Special Judge, Prem Kumar, found them "prima facie, accused persons'' and ordered the framing of charges against the three brothers Srichand, Gopichand and Prakashchand and the Swedish arms manufacturer, AB Bofors.
The judge held that the brothers had, between May 1986 and December 1986, received/obtained nine payments from Bofors in favour of M/s Mc Intyre Corporation in its three accounts bearing code names `Lotus', `Mont-Blanc' and `Tulip' to the tune of SEK 80,797,709.92 through various banks from AB Bofors as commission. The judge noted that they were not otherwise entitled to commission as no middlemen/agent was required to be engaged during the negotiations in the award of the contract for the supply of 400 numbers (plus 10 guns free) of 155 mm field Howitzers 77 B gun and gun systems.
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of