India Blacklists “Israeli” Military Firm amid Corruption Charges

The Indian famous daily "Times of India" reported Tuesday that ""Israeli" Military Industries will be barred from submitting bids for Indian defense contracts for the next ten years, along with five other firms."

The decision followed an investigation in 2009 by India's Central Bureau of Investigation which found that the "Israeli" companies had won past contracts through improper means, including bribing senior officials.

Following the investigation, the CBI recommended that action be taken against the companies. The firms were then given a chance to plead their case before the ministry. The latter, however, found their explanations insufficient.

The decision is expected to significantly impact "Israel" Military Industry's activities in India, as well as that of other "Israeli" war firms.
"Israeli" Military industry sources said "the decision could also stymie the government's efforts to privatize IMI, as India was considered one of its primary customers."

The other companies included in the blacklist were Singapore Technologies Kinetics, Rheinmetall Air Defence, Corporation Defence Russia, T.S. Kisan & Co. Pvt. Ltd. and R.K. Machine Tools Ltd.
"Israel" Military Industries claimed in response that it had not received any official notification regarding the move and therefore could not respond.

Source: Times of India