Friday, March 07, 2014

Rolls-Royce Under Indian Spotlight

India’s Central Bureau of Investigation has launched an investigation into Rolls-Royce military deals. The investigation began just a day before the announcement of forthcoming elections and the beginning of the “model code of conduct” that disallows announcement of new projects. The probe follows a voluntary disclosure last December by Rolls-Royce to its partner Hindustan Aeronautics Ltd (HAL) that it had used a consultant, Singapore-based Aashmore, for sales and logistics support in its business in the energy sector.
While civil and military projects generally do not overlap, the Ministry of Defense (MoD) has nevertheless put on hold the repair, overhaul and supply of Adour Mk 871 engines for the Indian Air Force and Indian Navy BAE Systems Hawk advanced jet trainers (AJT), among other contracts. India ordered 123 twin-seater AJTs, of which 76 are in the fleet. The fate of the remaining 47 AJTs produced under licence by HAL, with deliveries expected by 2016, stands frozen for now.
06/03/14 Neelam Mathews/AINonline
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