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BBCNEWS Asia Business Report June 4, 2024 00:33:00

Being able to be passed, the stakes are just too high at this point, and it looks like global markets as well are expecting that the deal will pass before the earlyjune deadline. rolls royce and british aerospace systems have been accused of corruption by authorities in india who are investigating the sale of military aircraft to the indian government. rolls royce says the company is continuing to assist the indian authorities. the bbc s india business correspondent reports. the charges relate to the aircraft procurement and manufacturing deals from 2003 05 and executed until 2012. india s investigative agency says jet manufacturers paid commissions to middlemen in violation of indian military contract rules. the federal police document says unidentified public servants allegedly misused their positions and facilitated ....

Earlyjune Deadline , Rolls Royce , Military Aircraft , Indian Government , Correspondent Reports , Aircraft Procurement , Investigative Agency , Military Contract Rules , Jet Manufacturers ,

BBCNEWS World Business Report June 4, 2024 04:48:00

Ever, thank you very much indeed, mariko. india s central bureau of investigation has filed graft charges against uk s rolls royce holdings and british aerospace systems alleging corruption in procurement of 2a hawk trainerjets and additional licensed manufacturing deal. archana shukla reports. the charges filed relate to aircraft procurement and manufacturing deals agreed upon in 2003 and 2005, and executed until 2012. now, india s investigative agency says jet manufacturers paid commissions to middlemen in violation of indian defence contract rules. they entered into a criminal conspiracy with unknown indian government officials. the federal police document says unidentified public servants allegedly misused their positions and facilitated deals for 2h hawk trainer jets, and an additional licensed manufacturing deal in lieu of huge bribes, commissions and kickbacks. now, the deal valued over £1 billion at the time. what s important to note is that the uk and us anti corruption agenc ....

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