Skip to content
Search AI Powered

Latest Stories

India’s Top Court Rejects Pleas Seeking Probe Into Rafale Deal

In a big relief to Indian prime minister Narendra Modi and his government, country’s top court Supreme Court on Friday (14) dismissed all petitions seeking a probe into alleged irregularities in the Rs 580 billion Rafale deal signed by India and France.

The apex court said that there is no occasion to doubt the decision-making process in the procurement of 36 Rafale jets from France. The bench headed by chief justice Ranjan Gogoi said that there was no proper evidence of commercial favourim to any private party.


A petitioner had sought a court monitored probe into the jet deal whereas another asked for a direction to India’s federal investigation agency, Central Bureau of Investigation (CBI) to register first information report (FIR) for alleged irregularities in the fighter jet deal.

Justices SK Kaul and KM Joseph added that it is not the the job of the court to work with the comparative details of the pricing. There has been a necessity for fighter aircrafts and the country can not operate without fighter jets.

The chief justice of India who also read the judgement for the three member judge bench said there were no reason found to interfere in the purchasing process for the fighter jets.

Supreme court has also said in its ruling that it doesn’t find any substantial matter to interfere with the issue of procurement, pricing and offset partner. It noted the need for the introduction of 4th and 5th generation fighter jets like Rafale in the Indian Air Force (IAF). The two parties involved in the agreement clarified that all aspects in the procurement of Rafale jet deal, the court said.

There was no objection for the procurement of the Rafale fighter jet deal when the agreement was finalised in 2016, the court said.  

According to the deal signed between Indian and France, it was agreed to purchase 36 Rafale fighter jet in fly-away condition as part of the upgrading process of IAF. The cost of the deal was estimated at Rs 580bn.

The Rafale fighter is a two-engine Medium Multi Role Combat Aircraft (MMRCA) produced by French aerospace firm Dassault Aviation.

Advocate ML Sharma was the first person to file a petition against the fighter jet deal followed by another advocate Vineet Dhanda for a court monitored investigation into the deal over alleged irregularities.

Aam Aadmi Party (AAP) leader Sanjay Singh had also filed his petition against the deal.

Later, former Indian ministers Yashwant Sinha and Arun Shourie along with activist advocate Prashant Bhushan filed their petition before the apex court for a direction to the CBI to register FIR over alleged irregularities in the deal.

More For You

FCA warns against regulatory 'race to bottom' in growth push
Nikhil Rathi
TOLGA AKMEN

FCA warns against regulatory 'race to bottom' in growth push

FINANCIAL REGULATOR has cautioned against compromising regulatory standards while attempting to boost economic growth, revealing the delicate balancing act facing Britain's financial oversight.

In a frank discussion with MPs, the Financial Conduct Authority (FCA) leadership highlighted the challenges of their expanded mandate to promote business competitiveness alongside consumer protection, reported the Times.

Keep ReadingShow less
Sanjay Bhandari's extradition appeal opens in London
Sanjay Bhandari

Sanjay Bhandari's extradition appeal opens in London

SANJAY BHANDARI, a consultant in the defence sector wanted in India on alleged tax evasion and money-laundering charges, began an appeal in the High Court in London against his extradition order.

The 62-year-old businessman had won permission to appeal against a November 2022 Westminster Magistrates’ Court ruling clearing his extradition earlier this year.

Keep ReadingShow less
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)

Murdoch's bid to secure eldest son's control of media empire fails

RUPERT MURDOCH’s attempt to secure control of his media empire for his eldest son, Lachlan, has reportedly failed, according to a US news report on Monday.

The Murdoch family, which oversees influential outlets like Fox News, The Wall Street Journal, and various British and Australian media organisations, has often been compared to the fictional dynasty in the TV series Succession. Like the show, real-life disputes within the Murdoch family have centred on control of the business after Rupert Murdoch’s death.

Keep ReadingShow less
Kamlesh Pattni faces UK sanctions for illicit gold trade
Pattni stands accused of central involvement in the infamous Goldenberg scandal. (Representational image: iStock)

Kamlesh Pattni faces UK sanctions for illicit gold trade

THE UK and US have imposed financial sanctions on Kamlesh Pattni, a British-Kenyan businessman with a controversial financial history. The punitive measures target Pattni and four of his close family members, including his wife and brother-in-law, reported the BBC.

The sanctions, announced by the UK Foreign, Commonwealth and Development Office, will result in the immediate freezing of assets, representing a significant intervention in what officials describe as a complex network of illicit gold trading spanning multiple African nations.

Keep ReadingShow less
Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)

India appoints Sanjay Malhotra as new central bank governor

INDIA has appointed Sanjay Malhotra, a senior finance ministry bureaucrat, as the new governor of its central bank, the Reserve Bank of India (RBI).

The announcement was made on Monday, a day before the term of outgoing governor Shaktikanta Das was set to expire.

Keep ReadingShow less