Scorpene Deal scam

The Scorpene deal scam is one of India's largest bribery corruption scandals, in which Rs. 500 crore (about USD 10 mn)[1] is alleged to have been paid to government decision makers by Thales, the makers of the Scorpene submarine. The amount was channeled via middlemen such as Abhishek Verma. Also involved was Ravi Shankaran, a relative of the then chief of navy staff Arun Prakash. He is the prime accused in the Navy War Room spy scandal.[2]

In October 2005, defence minister Pranab Mukherjee approved the Rs 19,000 crore submarine deal with French company Thales. Scorpene submarines are now being built in India under a technology transfer agreement that was part of that contract.

References

  1. ^ Sudheendra Kulkarni (February 26, 2006). "Of Scorpene, Scorpions and the coming `sting'". Indian Express. http://iecolumnists.expressindia.com/full_column.php?content_id=88597. ``We confirm the payment of 4 per cent of the Scorpene contract price, Perrier [CEO of Thales] wrote to Verma, according to Outlook.
  2. ^ "CBI raids Navy, Army Headquarters". CNN-IBN. Jun 23, 2006. http://ibnlive.in.com/news/cbi-cracks-down-on-army-navy-biggies-in-4-cities/13661-3.html.