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Thursday, December 12, 2013

India To Buy Barak-I Missiles After Bribery Investigation Crumbles

Barak missileThe Indian Navy is likely to move forward with the procurement of an additional 262 Barak-I missiles worth $641 million from Israeli Aerospace Industries, after India’s leading investigation agency closed its investigation into allegations of bribery in the Barak missile case.

The Barak-I missiles deemed a “critical operational requirement” by successive navy chiefs is likely to be cleared by the Defense Acquisitions Council led by defense minister AK Antony on December 23.

The CBI (Central Bureau of Investigation) on Tuesday closed the case against the accused; including former defence minister George Fernandes, former Navy chief Admiral Sushil Kumar and others admitting that it had no evidence of bribery.

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