Interpol Removes The Red Corner Notice
In April 2009, The Interpol removed the red-corner notice issued against Ottavio Quattrocchi after a request from the Central Bureau of Investigation.
In sharp contrast to a nearly two-decade-long investigation by the CBI, an income tax tribunal bench has ruled that Rs. 41 crore was paid in bribes to Ottavio Quattrocchi, an Italian businessman once considered a friend of the Gandhi family, and Win Chadha, the Bofors agent in India.
Read more at: http://www.ndtv.com/article/india/quattrochi-chadha-got-bofors-kickbacks-it-tribunal-76783?cp
A major chapter in the 25-year-old Bofors saga was closed on Friday with a Tis Hazari court here discharging Italian businessman Ottavio Quattrocchi from the payoffs case after allowing the CBI to withdraw prosecution against him.
Chief Metropolitan Magistrate Vinod Yadav, in his 73-page order, noted that the CBI, despite “spending through the nose for about 21 years, has not been able to put forward legally sustainable evidence with regard to conspiracy in the matter. Further, in the case of Mr. Quattrocchi, as against the alleged kickback of Rs.64 crore he received, the CBI had by 2005 already spent around Rs.250 crore on the investigation, which is sheer wastage of public money.”
Read more about this topic: Ottavio Quattrocchi
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