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BBCNEWS World Business Report June 4, 2024 04:48:00

Ever, thank you very much indeed, mariko. india s central bureau of investigation has filed graft charges against uk s rolls royce holdings and british aerospace systems alleging corruption in procurement of 2a hawk trainerjets and additional licensed manufacturing deal. archana shukla reports. the charges filed relate to aircraft procurement and manufacturing deals agreed upon in 2003 and 2005, and executed until 2012. now, india s investigative agency says jet manufacturers paid commissions to middlemen in violation of indian defence contract rules. they entered into a criminal conspiracy with unknown indian government officials. the federal police document says unidentified public servants allegedly misused their positions and facilitated deals for 2h hawk trainer jets, and an additional licensed manufacturing deal in lieu of huge bribes, commissions and kickbacks. now, the deal valued over £1 billion at the time. what s important to note is that the uk and us anti corruption agenc ....

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