The Central Bureau of Investigation (CBI) conducted raids at nine places in Delhi-Noida and Ghaziabad on Friday late night in connection with alleged kickbacks in the arms deal, pertaining to fugitive arms dealer Sanjay Bhandari.
The investigating agency has alleged that kickbacks to the tune of Rs 339 crore were paid in the deal.
The CBI on Saturday registered a case against unknown officials of the Indian Air Force, Ministry of Defence, arms dealer Sanjay Bhandari and Switzerland-based Pilatus Aircraft Limited for alleged irregularities in the procurement of 75 basic trainer aircraft in 2009.
The premier probe agency has flagged Swiss-based company as an accused in the Rs 339 crore contract for 75 basic trainer aircraft from Switzerland signed in 2009, citing irregularities and incorrect price calculation.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app