Former IAF chief admits he met middleman in copter deal

February 14, 2013

New Delhi, Feb 14: Former Indian Air Force chief S P Tyagi on Wednesday admitted meeting an Italian middleman who allegedly took money from Italian arms major Finmeccanica to secure a Rs 3,600-crore (€560 million) contract for purchasing 12 VVIP helicopters for the IAF's Communication Squadron.

Tyagi admitted meeting Italian middleman Carlo Gerosa at his cousin's place but went on to claim he had no further contacts with him.

“There is no denial of the fact that needle of suspicion is on me. I welcome the Central Bureau of Investigation probe, which will establish my innocence,” he said.deal

Tyagi went public with his comments hours after Italian prosecutors named three Indian brothers with family ties to the former IAF chief who reportedly took money to secure the VVIP helicopter contract for Agusta Westland, a subsidiary of Finmeccanica.

In their warrant, Italian prosecutors at north Italian town of Busto Arsizio named three Tyagi brothers—Julie, Docsa and Sandeep—for accepting money from two middlemen for swinging the Rs 3,600-crore deal in favour of Agusta Westland.

Quoting the Italian warrant, Reuters reports from Busto Arszio that Tyagi brothers received € 100,000 (about Rs 72 lakh) and two Italian middlemen Gerosa and Guido Haschke € 400,000 (about Rs 3 crore).

“I asked my brothers why were you named in the Italian probe. They said they had other business links with the company (Finmeccanica) but nothing in defence,” said Tyagi.

In October 2012, Agusta Westland claimed it never appointed, formally or informally, Guido Haschke as its agents and intermediaries in the VVIP programme and never paid any commission to him.

Tyagi said technical specifications for the aircraft—called air staff qualitative requirement (ASQR)— were frozen in 2003 before he took over. The flying height was brought down from 18,000 feet to 15,000 feet to avoid single vendor situation.

George Fernandes was the defence minister when the ASQR was fixed.

Since Fernandes was a regular visitor to Siachen—world's highest battlefield—it was initially thought the VVIP copter should be capable of flying up to Kumar Post which is at an elevation of 18,000 feet. But when the search for an appropriate product began at the Vice-Chief's office, it was realised only one company would make the cut.

Subsequently, the requirement was lowered to 15,000 feet, height of the Siachen base camp. When asked about the ASQR modification, S Krishnaswamy, who preceded Tyagi as the IAF chief, told Deccan Herald that he did not remember those figures and details.

The tender was issued in 2006, when Pranab Mukherjee was the defence minister. A defence ministry official said once the tender was issued, there was no deviation from the process.

In due course the project received approval from the Finance Ministry, where incidentally Mukherjee was minister when it received the approval. The contract was signed in 2010 after the approval of the Cabinet Committee on Security.

Chopper chaos

-Former IAF chief Tyagi says specifications fixed before his tenure; NDA’s George Fernandes was defence minister then

-Pranab Mukherjee was defence minister when tender was issued; gave approval when he was finance minister and endorsed by Cabinet Committee on Security

-Defence Minister A K Antony says deal can be cancelled at any time as the government will get back money; says no one involved will be spared

-Govt can take action on preliminary report by CBI, will decide on delivery of remaining nine choppers after report submission

- BJP senses “making of another Bofors scam”

-CPM?demands Supreme Court monitoring of CBI probe

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News Network
March 23,2020

Bengaluru, Mar 23: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country's capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding halt.

The NSE Nifty 50 index slipped 9.17% to 7,937.75 by 0408 GMT, while the S&P BSE Sensex was 9.42% lower at 27,093.24.

Over the weekend in India, the virus drove several companies to shut operations and the government sent states into lockdowns, bringing normal life to a grinding halt.

"Panic has gone up domestically because of the lockdown situation," said Vinod Nair, head of research at Geojit Financial Services.

"There is fear that the situation will not be brought under control soon."

The rupee hit a fresh record low of 76.05 against the dollar, as a flight into cash and worries about tightening liquidity boosted demand for the world's reserve currency.

Meanwhile, global markets crumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan sliding nearly 4% as the global death toll climbed to over 14,000, further battering economic activity, and raising fears of a global recession.

After market hours on Friday, the Securities and Exchange Board of India halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares to curb "abnormally high" volatility amid the pandemic.

In domestic trading, the Nifty PSU Bank Index plunged 8%, while the Nifty bank index crashed nearly 10%.

The Nifty Auto Index slid 9% after several carmakers over the weekend suspended production due to the virus.

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News Network
January 7,2020

Mumbai, Jan 7: Against the backdrop of the attack on JNU students, the Shiv Sena on Tuesday hit out at Prime Minister Narendra Modi and Union Home Minister Amit Shah, alleging that what they wanted was happening, and said such "brutal politics" was never seen before in the country.

An editorial in Shiv Sena mouthpiece 'Saamana' further alleged that the BJP wanted to see "Hindu-Muslim riots" over the Citizenship Amendment Act, but that did not happen.

Since the BJP has been cornered over the issue of CAA, several things are happening out of "revenge", it said.

Comparing the attack on Jawaharlal Nehru University (JNU) students to the 26/11 Mumbai terror strikes, the Shiv Sena said: "divisive politics" was dangerous for the country.

It said the Union Home Ministry's decision to file cases against "unknown" attackers at JNU was laughable. "Those who entered JNU with masks are not unknown," it claimed.

On Sunday, a mob of masked young people stormed the Jawaharlal Nehru University (JNU) campus in south Delhi and targeted students in three hostels, unleashing mayhem with sticks, stones and iron rods, hitting inmates and breaking windows, furniture and personal belongings.

Nearly 34 people were injured in the violence.

"The fallout of JNU attack is being seen elsewhere in the country...what Modi and Shah want is happening. The country is in danger. Divisive politics is dangerous for the country," the Uddhav Thackeray-led party said.

Terrorists who attacked Mumbai on November 26, 2008, were also masked and the same was seen at JNU. Such elements need to be exposed, it said.

"Allowing blood stains in universities, colleges and beating up of students and indulging in politics over the burning situation...such brutal politics was never seen before," the Marathi publication said while terming the attack on JNU students as a "blot" on the law and order situation.

Lashing out at Amit Shah, the Sena said he his in Delhi and busy distributing official pamphlets door-to-door to promote the Citizenship Amendment Act.

There is "confusion and unrest" in the country over the new citizenship law, it pointed out.

"The BJP wanted to see Hindu-Muslim riots over the issue, but that did not happen. The nationwide protests are not being done by Muslims alone. Hindus will also be affected due to the new Act," the Shiv Sena said.

It said the BJP has been cornered over the CAA issue.

Since the prevailing situation is "BJP versus the rest", hence "out of revenge", several things are happening, the Marathi daily said, adding that "there is room for doubt if the JNU attack was part of the revenge."

The BJP has condemned the violence and said universities should stay away from politics, it noted.

"Who brought violence and politics in universities in the last five years? Who is implementing the policy of destroying those who don't agree with your ideology by use of power?" it asked.

Without taking any name, the Sena said those who call students opposing the CAA as anti-nationals, are themselves anti-national.

"When Amit Shah accuses Congress leaders Rahul Gandhi and Priyanka Gandhi of inciting violence, he admits that the Gandhi siblings have that much power to create mass awareness against a law brought in by the Centre and bring people to streets," the Sena said.

One cannot say if the Gandhi siblings incited violence, but one thing is sure that the Union Home Minister and his party are forced to distribute pamphlets to "clarify" on the new citizenship law, it said in sarcastic comments.

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News Network
April 3,2020

New Delhi, Apr 3: The total number of coronavirus cases in Delhi has risen to 384, including 259 who were evacuated from Nizamuddin Markaz, Chief Minister Arvind Kejriwal said on Friday.

In last 24 hours, 91 new cases were reported in the national capital and one more person evacuated from the Markaz died due to coronavirus, taking the total number of deaths in the city to five, he said.

Of the 384 cases, 58 had recent foreign travel history and 38 contracted the virus after coming in contact with them, he added.

Kejriwal said community spread of the virus is not taking place in Delhi yet and there is no need to panic as the situation is under control.

The government has made preparations if the virus starts spreading among people, he said.

The chief minister also launched a WhatsApp helpline - 8800007722 for people to enquire about COVID-19, food banks, shelters among others.

Meanwhile, Kejriwal, deputy chief minister Manish Sisodia and experts will interact with students and answer their queries related to the virus at 3 pm on Saturday.

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