Two banned companies — a Singaporean firm vying for a billion-dollar order for artillery guns and an Israeli arms supplier — are hoping for a reprieve after the government today said it has amended the rules under which they were blacklisted in June.The two firms are on a list of seven with whom the defence ministry froze all business after a preliminary CBI investigation suspected they had bribed the former chief of the Ordnance Factories’ Board, Sudipta Ghosh, who was arrested in Calcutta in May.
Singapore Technologies had to fly back two ultra-light howitzers, named Pegasus, after they landed in Mumbai in a specially chartered aircraft on June 5, the day A.K. Antony’s defence ministry announced the list of companies it was banning just after Ghosh’s arrest.
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