Dassault, RIL ink MoU for collaboration in defence sector

The MoU comes soon after the defence ministry on 31st January had offered Dassault the multi-billion dollar deal to supply 126 combat aircraft to the IAF. Sources said there is a possibility of the two companies working together in the MMRCA deal

New Delhi: Days after bagging the multi- billion dollar Medium-Multirole Combat Aircraft (MMRCA) deal, French defence major Dassault Aviation has entered into an agreement with Reliance Industries (RIL) for partnering in defence and homeland security sector in the country, reports PTI.

“Dassault Aviation, a major player in the global aerospace industry, has entered into a memorandum  of understanding (MoU) with Reliance Industries, for pursuing strategic opportunities of collaboration in the area of complex manufacturing and support in India,” officials of the two companies told PTI here.

The MoU comes soon after the defence ministry on 31st January had offered Dassault the multi-billion dollar deal to supply 126 combat aircraft to the IAF.

Sources said there is a possibility of the two companies working together in the MMRCA deal here.

After finalising the deal, Dassault will have to reinvest 50% of the worth of the deal back into Indian defence sector.

The aerospace and security division of the RIL is headed by Vivek Lall, who has been closely associated with the MMRCA deal while spearheading the campaign for Boeing in the deal.

Mr Lall has earlier worked with American NASA and Raytheon.

He was recognised at Cambridge, England, as one of the 2,000 outstanding scientists in the 20th century.

In the recent past, there have been efforts by the Mukesh Ambani-headed RIL to position itself in the defence, internal security and aerospace solutions sector.

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CBI begins in-house probe into pay-off charges in AI during Praful Patel’s tenure

The Royal Canadian Mounted Police had approached the probe agency through diplomatic channels informing them about the scandal and allegations made against Indo-Canadian businessman Nazir Karigar who claimed that he had paid a bribe of $250,000 to an aide of Praful Patel

New Delhi: The Central Bureau of Investigation (CBI) has begun an in-house probe into pay-off allegations concerning a $100 million Air India (AI) contract in 2007 when Praful Patel was Indian civil aviation minister, a charge which he has rubbished as “baseless and preposterous”, reports PTI.

The Royal Canadian Mounted Police (RCMP) had approached the probe agency through diplomatic channels informing them about the scandal and allegations made against Indo-Canadian businessman Nazir Karigar who claimed that he had paid a bribe of $250,000 to an aide of Mr Patel, official sources said Sunday. The contract has since been scrapped.

The CBI had recently asked the Canadian authorities for a statement from Mr Karigar, who, according to a Canadian newspaper, was to be prosecuted by the authorities in Toronto under the newly-legislated Foreign Public Officials Act.

Air India had floated a tender in 2006 for computerised passenger face recognition biometrics system and the businessman was representing CrypoMetrics company.

Mr Karigar had claimed that he had met Mr Patel through former Mumbai Police Commissioner Hasan Gafoor and allegedly paid the bribe amount to the minister’s aide for pushing the contract in favour of his company.

The contract was, however, scrapped after internal objections by officials of the Air India and the civil aviation ministry.

The written statement from Mr Karigar would be helpful to the CBI in carrying out further inquiry into the case, the sources said.

The alleged bribe scandal came to light after a report in this regard was published in a leading Canadian newspaper Globe and the Mail which also named Mr Patel, now a heavy industries minister, as an intended beneficiary of a $250,000 bribe supposed to have been given by Mr Karigar.

A final call about registering a case would be taken by the CBI after receiving a written statement from Mr Karigar, the sources said.

Mr Patel was not available for comments on Sunday but earlier he had written to prime minister Manmohan Singh terming the allegations as “baseless and preposterous”.

Mr Patel had said the claims of bribery appeared to be “a perfect con job” by somebody trying to convince his company that he could deliver a contract if he is paid.

The minister requested Mr Singh to direct Air India to forward all relevant information and documents of the tender to PMO or to any agency “nominated by you” and also wanted “factual position” to be conveyed to the authorities in Canada in order to avoid any embarrassment to the government or to him personally.

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22 crore high value transactions under I-T scanner

Under the I-T scanner are 15,23,728 individuals who made payments of Rs2 lakh or more against their credit cards in the same fiscal while 32,21,695 individuals who acquired mutual fund schemes of Rs2 lakh or more, bonds or debentures of Rs5 lakh and above, shares issued by companies worth Rs1 lakh and RBI issued bonds worth Rs5 lakh and more

New Delhi: In a major crackdown, the Income Tax (I-T) department has under its scanner more than 22 crore instances of high value transactions in the country and abroad which include unreported credit card operations and deals in real estate, reports PTI.

The department has obtained, through its data mining and intelligence tools, instances of unreported transactions involving an estimated amount over Rs2,000 crore.

“The department is on the job to verify all the details of these unreported deals and a major operation is already underway in the country,” a top I-T official said here.

The total deals under the probe lens are 22, 52,06,979, the official said.

The step is seen as a major drive to garner as much revenue as possible by the I-T before the fiscal closes and the budgetary target of Rs5.32 lakh crore is achieved.

According to the official data of the tax department, its officials are working on sale and purchase of house property by 6,23,384 individuals worth Rs30 lakh each.

These transactions were made during 2009-10 and 2010-11 financial years.

The department is also working on 27,50, 545 individual cases where cash deposits aggregating to Rs10 lakh or more were made in savings bank account during the same fiscal.

Under the I-T scanner are 15,23,728 individuals who made payments of Rs2 lakh or more against their credit cards in the same fiscal while 32,21,695 individuals who acquired mutual fund schemes of Rs2 lakh or more, bonds or debentures of Rs5 lakh and above, shares issued by companies worth Rs1 lakh and RBI issued bonds worth Rs5 lakh and more.

“These high value transactions have not been reflected on the I-T returns.

“The department has asked tax offices to get in touch with these taxpayers or individuals urging them to file the returns or revise them,” the official said.

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