Scorpene deal scam

The Scorpène deal scam was an Indian bribery scandal, in which USD 175 million (Rupees 1,100 crores) were alleged to have been paid to the Government of India’s defence procurement decision makers by Thales, a French defence and aerospace company. In 2005, the Minister of Defence, Pranab Mukherjee, approved the deal to build Scorpène-class submarines, which was worth US$3 billion (Rupees 19,000 crores) with Thales. However, in 2008, the Central Bureau of Investigation (CBI), found no evidence of corruption in the deal. Scorpène-class submarines are now being built in India under a technology transfer agreement that was part of that contract.

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