The Economic Times, 6 Mar 2012A Singapore weapons manufacturer on Tuesday rejected allegations that it used bribes in bidding for an Indian defence contract and vowed to "vigorously" defend its reputation.
India's ministry of defence on Monday said it was blacklisting six armament firms, including Singapore's ST Kinetics, for their alleged role in a 2009 weapons bribery scandal.
"With this latest ruling by the (ministry of defence), we will seek legal advice and we intend to vigorously take appropriate actions to clear our name and defend our reputation," ST Kinetics said in a statement. Full story
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