Facts and Judgment of Income tax tribunal indirectly proves kickbacks and bribes were given and received a part of Bofors gun deal

Facts and Judgment of Income tax tribunal indirectly proves kickbacks and bribes were given and received a part of Bofors gun deal



Indirectly its Proven Kickbacks and Bribe were given in Bofors Deal –
The truth prevailed finally the truth is out of Box

It was always said that in Bofors scam deal Quattrocchi and Win Chadha were paid the kickbacks and bribe, causing loss to the Indian taxpayers that is India.



On December 31, the Income Tax Appellate Tribunal (ITAT) shot down the appeal of Chadha's son Hersh, saying "commission was paid to Ottavio Quattrocchi and Win Chadha illegally" in the Bofors deal.

The tribunal says kickbacks were paid to Quattrocchi and Win Chadha in the nearly Rs 1,500 crore Bofors deal.
It notes that 242.62 million Swedish kroners were paid to Quattrocchi and Chadha in kickbacks.
The bribes were paid into accounts of M/s Colbar Investments Limited Inc and M/s Wetelsen Overseas, controlled by Quattrocchi and his wife Maria Quattrocchi.

The kickback was paid by M/s AB Bofors as commission to Quattrocchi and Chadha through M/s AE Services and M/s Svenska.

The tribunal said the money received by Chaddha as kickback is taxable
Due to the kickback paid to the duo, India had to pay an excess amount of 242.62 million Swedish kroners for the guns.

CBI said no kickbacks were paid and now the income tax tribunal is saying
YES YES YES
The kickbacks were paid in bofors scam gun deals now top tax tribunal has confirmed this.


Kickbacks means bribe.
Kickbacks mean selling your nation to enemy for selfish reasons.



Realityviews by sm –
Monday, January 03, 2011