[27], The Bofors scandal was a major issue that was highlighted in subsequent elections, which led to the Congress losing power. Bofors scam: I have lived with stigma for 25 years, Amitabh Bachchan says Chhattisgarh hostage crisis: Negotiations may begin tomorrow Reasons you should pre-book OnePlus 8T 5G today Reacting to this, Chief Metropolitan Magistrate Vinod Yadav said that, This page was last edited on 30 December 2020, at 01:54. [9] About a year later, on 16 April 1987, Swedish Radio alleged that Bofors paid kickbacks to people from a number of countries including top Swedish[10] and Indian politicians and key defence officials to seal the deal. 4. The lifting of the ban came during the Kargil War, when the Bofors guns proved to be efficient but were crippled by a shortage of spare parts. In 1999, the Indian government lifted its blacklist on Bofors. Amitabh bachchan says, "I did not resign because of Bofors Case". Actor Amitabh Bachchan said his existence was questioned when he and his family were accused in the Bofors case and it took them 25 painful years to emerge out of the scandal despite their innocence. What is the Bofors scam? … On 12 July 2013, Quattrochi died of a heart attack in Milan. [2] In 1997, the Swiss banks released some 500 documents after years of legal battle. On 5 February 2004 even before Indian National Congress came to power in India, the Delhi High Court quashed the charges of bribery against Rajiv Gandhi and others,[16] On 31 May 2005, the Delhi High Court dismissed the allegations against the British business brothers, Srichand, Gopichand and Prakash Hinduja, but charges against others remain. Though it was widely believed that V. P. Singh resigned from Rajiv Gandhi's cabinet due to the Bofors scandal, Singh clarified that he had resigned due to differences in the cabinet in commissions taken by Indian agents in the HDW submarine deal (Shishumar class)[28], Middlemen were employed in arms deals in India, both during the British Raj as well as in independent India, and commissions were paid to them under various headings and guises. Amitabh Bachchan gets a clean chit in Bofors Scam. In the movie Jolly LLB Arshad Warsi portrays the character of a … A year later, on April 16, 1987, a Swedish radio channel alleged that the company had bribed top Indian politicians and defence personnel to secure the contract. [3], On 16 April 1987, a Swedish radio station broke out a story based on a whistleblower in the Swedish police, alleging that the reputed Swedish artillery manufacturer Bofors had paid kickbacks to people in several countries, including Sweden and India, to secure a ₹15 billion (equivalent to ₹160 billion or US$2.3 billion in 2019) contract. [30] This led to high levels of corruption, and payments being made to politicians, bureaucrats and defence personnel to influence decisions. [15], Meanwhile, the central government changed and Indian National Congress came to power after 2004 Lok Sabha elections. "The Bofors story, 25 years after : Interview with Sten Lindstrom", "Key players in Bofors scandal : Latest Headlines, News - India Today", "Rediff on the NeT: Vir Sanghvi looks back at the Bofors scandal", "25 years of India's 'Watergate': The Bofors scandal", "The Bofors story, 25 years after : An Interview with Sten Lindstrom", "Interview with Chitra Subramaniam and Madhu Trehan", "Win Chadha's death, a setback to Bofors case", "SC court reverses Delhi HC decision to quash all proceeding in Bofors scam", "Welcome to Frontline : Vol. On Amitabh Bachchan's 77th birthday check out his exclusive interview where he speaks on facing media ban and bofors scam. In a book, Jaya Bachchan says Amitabh Bachchan won 1984 elections due to his own charisma and not Congress'. He said, "In my career, the Bofors actually taught me never to get involved in a case where Indian politics is involved. Follow. This practice was made illegal by Rajiv Gandhi in 1985 as it led to large kickbacks being paid in defence deals, especially those related to aircraft and ships. [4] However, none of the newspapers in India were aware of this. The scale of the corruption was far worse than any that Sweden and India had seen before and directly led to the defeat of Gandhi's ruling Indian National Congress party in the November 1989 general elections. Agencies, Agencies: Mumbai, Wed Apr 25 2012, 16:15 hrs . New Delhi: The Swedish whistle-blower in the Bofors case has said that Amitabh Bachchan was falsely implicated in the case and that though there … Watch fullscreen. He was, however, guilty of knowing about the kickbacks and not taking action on them. Amitabh Bachchan, Boman Irani and Arshad Warsi unveil the trailer of Jolly LLB. However, this was reversed by Supreme Court of India on 7 July 2003. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. 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