close_game
close_game

CBI inquiry reveals Rs 6 crore kickback paid

ByHTC
Sep 29, 2016 07:13 AM IST

NEW DELHI: A CBI preliminary inquiry has found that $5.5 million (approx Rs 36 crore according to present exchange rate) was allegedly paid as commission to a middleman based abroad in the Embraer deal.

HT Image
HT Image

The agency termed it a ‘breakthrough’ in the case.

The Central Bureau of Investigation (CBI) has registered a preliminary inquiry in the case and now, the agency may convert it into a regular case by registering a formal FIR as evidence of commission being paid has come up.

The agency sources refused to name or provide location of the middleman.” Sources said $5.5 million was allegedly paid as commission to influence the deal worth $208 million in favour of Brazilian aircraft manufacturer Embraer.

Under the deal, three aircraft for the use of the Defence Research and Development Organisation (DRDO) to mount an air-borne radar system were to be purchased. The deal was inked in 2008.

Get Current Updates on India News, Weather Today, Latest News, Karnataka 2nd PUC Results Live at Hindustan Times.
Get Current Updates on India News, Weather Today, Latest News, Karnataka 2nd PUC Results Live at Hindustan Times.
SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, April 23, 2025
Start 14 Days Free Trial Subscribe Now
Follow Us On