[15], Meanwhile, the central government changed and Indian National Congress came to power after 2004 Lok Sabha elections. Agencies, Agencies: Mumbai, Wed Apr 25 2012, 16:15 hrs . Amitabh Bachchan. Click here for full coverage Zaiwalla, who won the Bofors libel case for the Bachchan brothers in 1990, was, as The Indian Express first reported Monday, instrumental in bringing together Amitabh’s brother Ajitabh and late shipping magnate Mehernoosh Khajotia into a partnership that set up a bunch of offshore shipping companies in 1990-91. [19], As there was no extradition treaty between India and Argentina, the case was presented in the Argentine Supreme Court. Zaiwalla also spoke about his involvement in the Bofors case, where he represented Amitabh Bachchan and his brother Ajitabh Bachchan. Bofors scam: I have lived with stigma for 25 years, Amitabh Bachchan says Chhattisgarh hostage crisis: Negotiations may begin tomorrow Reasons you should pre-book OnePlus 8T 5G today … [26], Michael Hershman of the Fairfax Group, who made one of the earliest discoveries about the Bofors Scam, in an interview with a News Channel in October 2017, spoke about the arms deal and related irregularities. Addressing a press conference here Bachchan welcomed the revelations made by the Swedish investigators in the Bofors case. In a book, Jaya Bachchan says Amitabh Bachchan won 1984 elections due to his own charisma and not Congress'. [2], On 24 March 1986, a $285 million contract between the Government of India and Swedish arms company Bofors was signed for supply of 410 155 mm Howitzer field guns. 9 years ago | 236 views. For the unaware Amitabh Bachchan, who shared a close relationship with Gandhi family, was one of the many people suspected in the bofors scam. Later the articles were published in The Indian Express and The Statesman when The Hindu stopped publishing stories about the Bofors scandal under immense government pressure and Chitra Subramaniam moved to the two newspapers. Amitabh Bachchan gets a clean chit in Bofors Scam. [12], On 22 October 1999 (when National Democratic Alliance government led by the Bharatiya Janata Party was in power) the Central Bureau of Investigation (CBI) filed the first chargesheet against Quattrocchi, Win Chadha, Rajiv Gandhi, the defence secretary S. K. Bhatnagar and a number of others. 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)[28], Middlemen were employed in arms deals in India, both during the British Raj as well as in independent India, and commissions were paid to them under various headings and guises. Amitabh Bachchan Gets A Clean Chit In Bofors Scandal - Bollywood New On 5 February 2004 even before Indian National Congress came to power in India, the Delhi High Court quashed the charges of bribery against Rajiv Gandhi and others,[16] On 31 May 2005, the Delhi High Court dismissed the allegations against the British business brothers, Srichand, Gopichand and Prakash Hinduja, but charges against others remain. [2] The scandal relates to illegal kickbacks paid in a US$1.4-billion deal between the Swedish arms manufacturer Bofors with the government of India for the sale of 410 field howitzer guns, and a supply contract almost twice that amount. 4. In an interview with her, published in The Hoot in April 2012 on the 25th anniversary of the revelations,[8] Sten Lindstrom, former chief of Swedish police, discussed why he leaked the documents to her and the role of whistle-blowers in a democracy. [27], The Bofors scandal was a major issue that was highlighted in subsequent elections, which led to the Congress losing power. This was picked up by a young journalist from The Hindu, Chitra Subramaniam, who happened to be in Sweden at that time, covering another story. This had been done the previous year for a deal to supply 410 155 mm calibre howitzer guns for the Indian army. Bofors, as I have already noted, is independent India’s defining grand corruption scandal. [21] However the case is still going on. [22], Despite the controversy, the Bofors gun was used extensively as the primary field artillery during the Kargil War with Pakistan and gave India 'an edge' against Pakistan according to battlefield commanders. This practice was made illegal by Rajiv Gandhi in 1985 as it led to large kickbacks being paid in defence deals, especially those related to aircraft and ships. Actor Amitabh Bachchan said his existence was questioned when he and his family were accused in the Bofors case and it took them 25 painful years to emerge out of the scandal … The Bofors scandal was a major weapons-contract political scandal that occurred between India and Sweden during the 1980s and 1990s, initiated by Indian National Congress politicians and implicating the Indian prime minister, Rajiv Gandhi, and several other members of the Indian and Swedish governments who were accused of receiving kickbacks from Bofors AB, a bank principally financed by the Wallenberg family's Skandinaviska Enskilda Banken, for winning a bid to supply to India their 155 mm field howitzer. The Bofors scandal was a major weapons-contract political scandal that occurred between India and Sweden during the 1980s and 1990s, initiated by Indian National Congress politicians and implicating the Indian prime minister, Rajiv Gandhi, and several other members of the Indian and Swedish governments who were accused of receiving kickbacks from Bofors AB, a bank principally financed by the Wallenberg family's Skandinaviska Enskilda Banken,[1] for winning a bid to supply to India their 155 mm field howitzer. Superstar Amitabh Bachchan addressed the media after the Swedish police cleared his name in the infamous Bofors scam. 30 :: No. The actor spoke about the turmoil that he and his family, including his father late Harivanshrai Bachchan went through during those times but says that he feels vindicated that his name is finally cleared after 25 long years. Related. Involved In Bofors Scandal. On Amitabh Bachchan's 77th birthday check out his exclusive interview where he speaks on facing media ban and bofors scam. A year later, on April 16, 1987, a Swedish radio channel alleged that the company had bribed top Indian politicians and defence personnel to secure the contract. Bollywood megastar Amitabh Bachchan heaved a big sigh of relief after his name was cleared from the Bofors gun payoff scandal. [17] In December 2005, Mr B. Daat, the Additional Solicitor General of India, acting on behalf of the Indian Government and the CBI, requested the British Government that two British bank accounts of Quattrocchi be unfrozen on the grounds of insufficient evidence to link these accounts to the Bofors payoff. Nonetheless, it later turned out that Amitabh was confined in the trick and was dishonestly affirmed. Amitabh Bachchan Talks About The Bofors Scandal At 'Jolly L.L.B' Trailer Launch After Amitabh Bachchan surrendered, he alongside his sibling were ensnared in the “Bofors embarrassment” by a daily paper, Bachchan took the daily paper to the court. [2] Quattrocchi was reportedly close to the family of Rajiv Gandhi and emerged as a powerful broker in the 1980s between big businesses and the Indian government. However, his passport was impounded and he was not allowed to leave the country. He was found not guilty and was found not liable in the whole Bofors difficulty. 4 years ago | 7 views. The Interpol, at the request of the CBI, has a long-standing red corner notice to arrest Quattrocchi. The British government released the funds later. [18] Quattrocchi was detained in Argentina on 6 February 2007, but the news of his detention was released by the CBI only on 23 February. The middleman associated with the scandal was Ottavio Quattrocchi, an Italian businessman who represented the petrochemicals firm Snamprogetti. Amitabh Interview Bofors Scandal part 1 ... Big B reveals secrets of Bofors scam on his blog - Duration: 4:21. zoom 1,336 views. [30] This led to high levels of corruption, and payments being made to politicians, bureaucrats and defence personnel to influence decisions. ", "Bofors case: Court to hold fresh proceedings in Quattrocchi's case", "Bofors: Court Pulls up CBI's 'Malafide Intentions, Indian Express article on CBI's handling of the Bofors scam under NDA and UPA, Bofors resurrects, gives more ammo to BJP, Death Of A Scandal – Bofors, India's Watergate, Lecture by an IMF aid projects manager about government bribery, Dadra and Nagar Haveli and Daman and Diu TCC, https://en.wikipedia.org/w/index.php?title=Bofors_scandal&oldid=997112431, Corruption in defence procurement in India, Creative Commons Attribution-ShareAlike License, Not appealing against the judgement of the, De-freezing of Quattrocchi's bank account in London by saying to the Crown Prosecutor that there is no case against Quattrocchi, Putting up a very weak case for Quattrocchi's. What is the Bofors scam? The government of India lost the extradition case as the government of India did not provide a key court order which was the basis of Quattrocchi's arrest. [2] In 1997, the Swiss banks released some 500 documents after years of legal battle. Amitabh Bachchan in an interview recalls Bofors case.Get more updates on Bollywood here: http://www.moviezadda.com Actor Amitabh Bachchan said his existence was questioned when he and his family were accused in the Bofors case and it took them 25 painful years to emerge out of the scandal despite their innocence. New Delhi: The Supreme Court on Wednesday said it could consider taking up matters related to the implementation of the Citizenship Amendment Act in Uttar Pradesh separately after being told that the state has started identifying refugees and migrants under the contentious law without the rules being framed. Watch fullscreen. Some points to be noted: Corruption scandal in India in the 1980s related to defence equipment. Amitabh bachchan says, "I did not resign because of Bofors Case". However, this was reversed by Supreme Court of India on 7 July 2003. "The Bofors story, 25 years after : Interview with Sten Lindstrom", "Key players in Bofors scandal : Latest Headlines, News - India Today", "Rediff on the NeT: Vir Sanghvi looks back at the Bofors scandal", "25 years of India's 'Watergate': The Bofors scandal", "The Bofors story, 25 years after : An Interview with Sten Lindstrom", "Interview with Chitra Subramaniam and Madhu Trehan", "Win Chadha's death, a setback to Bofors case", "SC court reverses Delhi HC decision to quash all proceeding in Bofors scam", "Welcome to Frontline : Vol. On the Bofors scandal. 8 years ago | 22 views. Amitabh Bachchan, Boman Irani and Arshad Warsi unveil the trailer of Jolly LLB. The CBI, the Indian federal law enforcement agency, on 23 January 2006 admitted that roughly ₹210 million, about US$4.6 million, in the two accounts have already been withdrawn by the accused. 4:21. The lifting of the ban came during the Kargil War, when the Bofors guns proved to be efficient but were crippled by a shortage of spare parts. TheBollywoodShow. Megastar Amitabh Bachchan said his existence was questioned when he and his family were accused in Bofors case and it took them 25 painful years to emerge out of the scandal despite their innocence. The two accounts, containing €3 million and $1 million, had been frozen. He added that the Swedish Police had no evidence of Rajiv Gandhi or Amitabh Bachchan, who was a close friend of the former Prime Minister, receiving kickbacks in the Bofors scam. He said, "In my career, the Bofors actually taught me never to get involved in a case where Indian politics is involved. [9][11] As a result of the revelations, the Indian government blacklisted Bofors in 1987, preventing the company from doing business in India.[12]. The investigations revealed flouting of rules and bypassing of institutions. It was the biggest arms deal ever in Sweden, and money marked for development projects was diverted to secure this contract at any cost. 05", "CBI seeks time to mull on Quattrocchi's case", "Bofors case: 'Petitioner interested in cheap publicity, "Bofors scam: Italian businessman Ottavio Quattrocchi dies", "Bofors gun helped India win against Pak", "Rajiv Gandhi told me to use arms deal payoffs for party funds: Ex-CBI chief", "Rajiv Gandhi wanted Bofors money to run Congress: Ex-CBI chief", "The bofors story : 25 years after - an interview with Sten Lindstrom", "Walk the talk - an interview with V.P.Singh", "Arms and the Middlemen - 7 September 2016", "India Puts New Arms Deals With Finmeccanica On Hold", "Modi govt to legalise middlemen in arms deals? Watch fullscreen. [13] In second half of 2001, Win Chadha and S. K. Bhatnagar died. ................................ Advertisement ................................ 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[33] The then defence minister Manohar Parrikar announced that in such cases, middlemen would be paid by the government for fixing arms deals under the name of "legal fees".[34]. [5] The Swedish company paid ₹640 million (US$9.0 million) in kickbacks to top Indian politicians and key defence officials. In 1999, the Indian government lifted its blacklist on Bofors. Bofors scandal: Amitabh Bachchan relieved after clean chit from whistleblower. On 16 January, the Indian Supreme Court directed the Indian government to ensure that Ottavio Quattrocchi did not withdraw money from the two bank accounts in London. She also sheds light on Big B's reaction after Bofors scandal broke in the media. Track Latest News Live on NDTV.com. After his name featured in the Panama papers and Bofors scandal, Bollywood 'Shehanshah' Amitabh Bachchan has spoken at length about his surfacing in the controversial matters. [23], In his book, Unknown Facets of Rajiv Gandhi, Jyoti Basu and Indrajit Gupta, released in November 2013, former CBI director Dr A P Mukherjee wrote that Rajiv Gandhi wanted commission paid by defence suppliers to be used exclusively for the purpose of meeting expenses of running the Congress party. [29] Some of these were paid as personal bribes while others were paid as contributions to political parties. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. [14], On 10 June 2002, Delhi High Court quashed all proceedings in the case so far. [6], The case came into light during Vishwanath Pratap Singh's tenure as defence minister, and was revealed through investigative journalism tipped off by a Reuters news revelation on Swedish radio, followed up by a team led by N. Ram of the newspaper The Hindu. In May 1987, a broadcast by a Swedish radio station revealed that bribes of ₹600 million (equivalent to ₹6.6 billion or US$92 million in 2019) had been paid by Bofors to Indian politicians, members of the Congress party and bureaucrats. 8 years ago | 21 views. He took office after the 1984 assassination of his mother, Prime Minister Indira Gandhi, to become the youngest Indian Prime Minister at the age of 40. [24] Mukherjee said Gandhi explained his position in a meeting on 19 June 1989, during a meeting between the two at the Prime Minister's residence. [9] About a year later, on 16 April 1987, Swedish Radio alleged that Bofors paid kickbacks to people from a number of countries including top Swedish[10] and Indian politicians and key defence officials to seal the deal. Bofors scam: A timeline of the 31-year-old, Rs 1,437-cr India-Sweden deal The Bofors deal, signed in 1986, was believed to be one of primary reasons for the Rajiv Gandhi-led Congress' defeat in the 1989 Lok Sabha elections Amitabh Bachchan used to be a close friend of the Gandhi family. The scale of the corruption was far worse than any that Sweden and India had seen before and directly led to the defeat of Gandhi's ruling Indian National Congress party in the November 1989 general elections. [2] While the case was being investigated, Rajiv Gandhi was assassinated for unrelated reasons by the LTTE. [4] However, none of the newspapers in India were aware of this. In the aftermath, the government did not appeal this decision because of delays in securing an official English translation of the court's decision.[20]. On March 18, 1986, India signed a Rs 1,437-crore deal with Swedish arms manufacturer AB Bofors for the supply of 400 155 mm Howitzer guns for the Army. On Headliners Today's Right to be Heard show, Amitabh Bachchan says he was never afraid the Bofors case. CBI has been criticised by experts, social workers, political parties and people at large for the manner in which it has handled this case. [3], On 16 April 1987, a Swedish radio station broke out a story based on a whistleblower in the Swedish police, alleging that the reputed Swedish artillery manufacturer Bofors had paid kickbacks to people in several countries, including Sweden and India, to secure a ₹15 billion (equivalent to ₹160 billion or US$2.3 billion in 2019) contract. A Delhi court provided temporary relief for Quattrocchi from the case, for lack of sufficient evidence against him, on 4 March 2011. [7] The journalist who secured the over 350 documents that detailed the payoffs was Chitra Subramaniam reporting for The Hindu. Answered June 24, 2016 There has been a lot of debates on this...Amitabh Bachchan's name first appeared in this scandal through a newspaper who printed his name and a case was filled against him in an abroad court..Allegations were put on him and he as usual remained silent. He, however, rarely, if never, speaks to the media about them. Finally, withdrawal of its case against Quattrocchi. TheBollywoodShow. Reacting to this, Chief Metropolitan Magistrate Vinod Yadav said that, This page was last edited on 30 December 2020, at 01:54. He was, however, guilty of knowing about the kickbacks and not taking action on them. On 12 July 2013, Quattrochi died of a heart attack in Milan. Follow. 100 Years of Cheers; Hope to resolve 'Zanjeer' issue amicably: Javed Akhtar; 100 Years of Cheers; 100 Years of Cheers; 100 Years of Cheers ; Hope to resolve 'Zanjeer' issue amicably: Javed Akhtar; Top Stories. 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