The government was left breathing easy on November 14 after the Supreme Court heard a petition on the Rs 59,000 crore deal to buy 36 Rafale jets from France.
A three-judge bench of the Supreme Court, headed by Chief Justice Ranjan Gogoi, hearing the petition filed by lawyer Prashant Bhushan and former Union ministers Arun Shourie and Yashwant Sinha, did not find significant deviations in the procedure to buy the jets.
The petition filed in the apex court on October 24 called for a Supreme Court-monitored probe into the bypassing of procedures when Prime Minister Narendra Modi announced that he was buying the jets off-the shelf from France during a state visit in April 2015. An Inter Governmental Agreement (IGA) was entered into with France in September 2016. The deal, the petitioners charged, favoured Reliance Industries, which had set up a joint venture in Nagpur to execute the offsets (investments made by the foreign arms buyer into India, estimated at around Rs 30,000 crore) and hence, was a case of crony capitalism.
This story is from the November 26, 2018 edition of India Today.
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This story is from the November 26, 2018 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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