No evidence of Rajiv Gandhi taking bribe: Bofors whistleblower

April 25, 2012

no_evidenceNew Delhi, April 25: The whistleblower in the Bofors case has made his identity known after 25 long years. In an exclusive interview, former Swedish Police chief Sten Lindstrom has owned up being the 'Swedish Deep Throat' in the illegal payoffs case that once rocked both India and Sweden. Now a quarter of a century later, investigations lie buried, despite coming tantalizingly close to blowing the lid off the sensational scandal.

Lindstrom says in an interview to the journalist who had broken the story, Chitra Subramanian, that there was no evidence to suggest that former PM Rajiv Gandhi had taken bribe in the Bofors deal. However, he did not seem to have done much to prevent the cover up that followed in both India and Sweden to protect the main accused, Ottavio Quattrocchi, against whom, says Lindstrom, there was conclusive evidence.

Lindstrom has revealed that he was the person who leaked over 350 documents to the Indian journalist. He was the journalist's secret informant who operated under the pseudonym of Swedish Deep Throat.

"Many Indian institutions were tarred, innocent people were punished while the guilty got away," says Lindstrom. "The evidence against Ottavio Quattrocchi was conclusive. Through a front company called AE Services, bribes paid by Bofors landed in Quattrocchi's account which he subsequently cleaned out because India said there was no evidence linking him to the Bofors deal. Nobody in Sweden or Switzerland was allowed to interrogate him."

In the interview, appearing in a website The Hoot, Lindstrom says, "Ardbo (Bofors managing director) had also mentioned a meeting between an AE Services official and a Gandhi trustee lawyer in Geneva. This was a political payment. These payments are made when the deal has to be inked and all the numbers are on the table."

Lindstrom's 'disclosures' are known in India, examined even by courts and brushed aside, and the timing of the disclosure that he was the 'Deep Throat' for the exposes on Bofors scam is certain to trigger some speculation about his motive.

Quattrocchi was discharged in 2009 by the court which observed that the CBI, which withdrew prosecution against him, had failed to "put forward legally sustainable evidence with regard to conspiracy in the matter''.

In fact, Lindstrom goes on to suggest that the Gandhi family may have gone out of his way to protect Quattrocchi. "He (Ardbo) had written in his notes that the identity of N (Arun Nehru) becoming public was a minor concern but at no cost could the identity of Q (Quattrocchi) be revealed because of his closeness to R (Rajiv Gandhi)."

Lindstrom gives a clean chit to Amitabh Bachchan and his family saying that the story against them was planted in Swedish newspaper Dagens Nyheter by Indian investigators. "They gave me a list of names to pursue including the name of Amitabh Bachchan... During that trip to Sweden, the Indian investigators planted the Bachchan angle on DN,'' he says.

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Agencies
July 29,2020

New Delhi, Jul 29: The new National Education Policy (NEP) approved by the Union Cabinet on Wednesday is set to usher in a slew of changes with the vision of creating an education system that contributes directly to transforming the country, providing high-quality education to all, and making India a global knowledge superpower.

The draft of the NEP by a panel headed by former Indian Space Research Organisation (ISRO) chief Kasturirangan and submitted to the Union Human Resource Development Minister Ramesh Pokhriyal when he took charge last year. The new NEP replaces the one formulated in 1986.

Some of the key highlights of the New Education Policy are:-

The policy aims to enable an individual to study one or more specialized areas of interest at a deep level, and also develop character, scientific temper, creativity, spirit of service, and 21st century capabilities across a range of disciplines including sciences, social sciences, arts, humanities, among others.

It identified the major problems facing the higher education system in the country and suggested changes such as moving towards multidisciplinary universities and colleges, with more institutions across India that offer medium of instruction in local/Indian languages, a more multidisciplinary undergraduate education, among others. 

The governance of such institutions by independent boards having academic and administrative autonomy has also been suggested.

Under the suggestions for institutional restructuring and consolidation, it has suggested that by 2040, all higher education institutions (HEIs) shall aim to become multidisciplinary institutions, each of which will aim to have 3,000 or more students, and by 2030 each or near every district in the country there will be at least one HEI.

The aim will be to increase the Gross Enrolment Ratio in HEIs including vocational education from 26.3 per cent (2018) to 50 per cent by 2035.

Single-stream HEIs will be phased out over time, and all will move towards becoming vibrant multidisciplinary institutions or parts of vibrant multidisciplinary HEI clusters.

It also pushes for more holistic and multidisciplinary education to be provided to the students.

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News Network
May 9,2020

May 9: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

General Atlantic declined to comment on the report, while Jio and PIF did not immediately respond to Reuters request for comment. Hours earlier on Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

The conglomerate cut a $5.7 billion deal with Facebook for a 9.99 per cent stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake.

Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.

Vista's investment gave Jio an equity value of Rs 4.91 trillion ($65 billion) and an enterprise value of Rs 5.16 trillion, said Reliance, controlled by billionaire tycoon Mukesh Ambani.

The potential investments from New York-based General Atlantic and the Saudi sovereign wealth fund, which manages over $300 billion in assets, would inject money on top of the $8 billion which Jio has already raised.

Saudi's PIF has been buying minority stakes several companies. Last month, it disclosed an 8.2 per cent stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares up nearly 30 per cent higher.

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News Network
June 25,2020

New Delhi, Jun 25: Diesel price in the national capital crossed the Rs 80 per litre-mark for the first time ever on Thursday as oil companies raised prices for the 19th day, taking the cumulative rate to Rs 10.63 a litre.

Petrol price, after a day's hiatus, was hiked by 16 paise and the increase in less than three weeks now totals Rs 8.66 per litre.

Petrol price in Delhi was hiked to Rs 79.92 per litre from Rs 79.76, while diesel rates were increased to Rs 80.02 a litre from Rs 79.88, according to a price notification of state oil marketing companies.

Diesel had for the first time become costlier than petrol in Delhi on Wednesday and has now crossed the Rs 80 per litre-mark.

Rates differ from state to state depending on the incidence of value-added tax (VAT).

However, diesel is costlier than petrol only in the national capital where the state government had raised local sales tax or VAT on the fuel sharply last month. It costs less than petrol in other cities.

The 19th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to fresh highs.

In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price has been hiked on 18 occasions since June 7 and now totals to Rs 8.66 a litre.

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