Monday, July 4, 2011

$1-bn IAF deal for Swiss basic trainers grounded

The $1 billion deal to purchase new basic trainers for the Indian Air Force (IAF) has been put on hold after serious allegations have surfaced about discrepancies in the procurement process. The defence ministry is taking a re-look at the selection process following a request from South Korea to investigate concerns about the validity of commercial documents submitted by a Swiss firm that was declared as the lowest bidder. The procurement process has now been slowed down as the ministry as well as the IAF is scrutinising the selection process.

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