OFB to take action against Singapore Technologies and five other defense firms for illegal payments


IBN Live News, 8 Aug 2011
The Ordnance Factory Board (OFB) is taking action against six defence firms, recommended for blacklisting by the CBI in a graft case, after giving a personal hearing to them.As per a CBI report, six companies including Israel Military Industries, Singapore Technologies, German Rheinmetall Air Defence and the Russian Corporation Defence were involved in payment of illegal gratification to former OFB Chairman Sudipto Ghosh. Full story