In purely dollar terms, the new price represents a 37 percent hike in the cost of the offer to India, but would effectively be even higher given the fall in the value of the rupee against the dollar since 2010.
The Delhi High Court has dismissed the challenge filed by Israel Military Industries (IMI) to its blacklisting, saying there was no merit in its petition.
Here’s a quick narrative of how the alleged AgustaWestland corruption scandal unfolded, with links to the reports filed by the intrepid Manu Pubby of The Indian Express.
The fighter aircraft company has been accused of corruption in pushing forward sales to South Africa with Nobel Laureate Desmond Tutu coming out strongly against the South African arms contract, which also raises common allegations against South African president-in-waiting Jacob Zuma. Other deals with Hungary and the Czech Republic have also been under the scanner for alleged kickbacks being paid for the proposed purchase of the Gripen fighter.
