06-09-2012, 11:25 PM
[url="http://finance.yahoo.com/news/india-targets-swiss-based-arms-131920092.html"]India targets Swiss-based arms firm in corruption probe[/url]
Quote:NEW DELHI (Reuters) - An Indian businessman was charged on Saturday with attempting to bribe government officials in connection with allegations that Swiss-based Rheinmetall Air Defence AG paid him $530,000 to use his influence to stop the company from being blacklisted.
Abhishek Verma and his wife were arrested on Friday after the Central Bureau of Investigation (CBI) launched raids on 10 properties in and around New Delhi, including the home of a former Rheinmetall representative in India. The CBI said in a statement that it was investigating both Verma and the company.
Verma and his wife, Anca Neacsu, were charged in a New Delhi court under the Prevention of Corruption Act and face up to five years in prison if convicted. The magistrate ordered the couple to remain in custody for seven days for further questioning.