Quattrocchi, Jain got kickbacks in Bofors'
An ex-CBI officer who supervised the case claimed that alleged Hawala dealer S K Jain told the probe agency he and Ottavio Quattrocchi received kickbacks from projects routed through them including the howitzer deal.
Citing a written submission made by Jain on March 13, 1995, former Joint Director of CBI, B R Lall, who was supervising the case then, said" the duo (Jain and Quattrocchi) have taken the contract in partnership and have close connection with high and mighty people.
"The Hawala dealer had in its submission to CBI had said that he used to take 3 % of the project cost as commission while 7% of the total amount as kickbacks were received by Quattrocchi," Lall said.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.