The Scorpene Submarine Deal Scam is one of India's largest bribery corruption scandals, in which Rs. 500 crore (about USD 10 mn) were allegedly paid to government decision makers by Thales, the makers of the Scorpene submarine. The amount was channeled via middlemen such as Abhishek Verma. Also involved was Ravi Shankaran, a relative of the then chief of navy staff Arun Prakash. He is the prime accused in the Navy War Room spy scandal.
In October 2005, defence minister Pranab Mukherjee approved the Rs 19,000 crore submarine deal with French company Thales. Scorpene submarines are now being built in India under a technology transfer agreement that was part of that contract. The Scorpene Submarine Scandal was yet another scam involved in a multi billion dollar military hardware purchase.
In October 2005, defence minister Pranab Mukherjee approved the Rs 19,000 crore submarine deal with French company Thales. Scorpene submarines are now being built in India under a technology transfer agreement that was part of that contract. The Scorpene Submarine Scandal was yet another scam involved in a multi billion dollar military hardware purchase.
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