Volcker & Bofors - Congress Party involvement

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CBI ignores ITAT indictment of 'Q' to push for closure

January 05, 2011 7:13:43 AM

IANS | New Delhi

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The CBI Tuesday sought the withdrawal of the case against Italian businessman Ottavio Quattrocchi in the Bofors payoff scam, saying it didn't have enough evidence against him and there was no fresh word from the government even after an Income Tax tribunal sensationally ruled that nearly Rs.15-billion gun deal was paid illegally as commission.



Advocate Ajay Agarwal, who is challenging the Central Bureau of Investigation (CBI) plea, told the court that the case should be re-looked into as the Income Tax Appellate Tribunal had confirmed that Rs.412 million was paid by Swedish company Bofors to Quattrochi and his associate Win Chadha for felicitating the Howitzer field gun contract in 1986.



"The (CBI) application is not bonafide. There is no public interest involved in the CBI application. It should be rejected. Undue haste has been shown in the matter," Agarwal later told reporters, as the court adjourned for lunch break.