Dismissal of these criminal charges, however, does not mean Rheinmetall would be able to do business with the defense ministry.
Rheinmetall still blacklisted after corruption acquittal
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Tag: Director General Ordnance Factories
US sharply hikes M-777 artillery price for India
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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.
Israel Military Industries loses Indian blacklist challenge
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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.
Court to issue directions in blacklisting case
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“The hearing qua the issue of black-listing of the petitioner (Singapore Technologies Kinetics) was concluded on 18.05.2011. Despite this, we are still informed that the final order qua the issue of black-listing of the petitioner has still not been issued,” observed the Delhi High Court.
High Court clearance required for artillery tender
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The Delhi High Court has placed a hold on the acquisition of artillery guns by the Indian Army without its clearance. In the course of hearings of writ petitions filed by arms company, Singapore Technologies Kinetics, a bench comprising Justice Sanjay Kishen Kaul and Justice Rajiv Shakdher passed an interim order on May 02, 2011, asking the Ministry of Defense to refrain from awarding the tender without ‘leave and liberty of the court’.
Singapore Technologies denies CAG report
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The arms company has contradicted the basis of the CAG audit, saying it signed a Memorandum of Understanding on offsets and collaborated production with the Ordnance Factory Board.
Anatomy of a blacklist: Singapore Technologies
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The CAG submitted a report to Parliament last week, that testifies to the acts of omission and commission, based on incompetence, lack of foresight or mala fide intent, that led to the recommendation for the blacklisting of Singapore Technologies, arising from the issue of the supply of carbines to paramilitary forces.
