facebook
twitter
rss
account
search
search
 

Singapore firm banned from Indian defense contacts

March 22, 2012 at 5:31 PM   |   Comments

SINGAPORE, March 22 (UPI) -- Singapore Technologies Kinetics has been banned from doing business with India's Defense Ministry.

Singapore Technologies ST Kinetics was blacklisted following initial investigations of corruption conducted by India's Criminal Bureau of Investigation of former Ordnance Factory Board Director General Sudipta Ghosh.

In a Board of Trade report, Singapore Technologies Kinetics expressed concern over the fairness of the legal process surrounding its implication in the Ghosh corruption case. Singapore Technologies Kinetics stated its dismay that it was now prohibited from doing any defense business with India's Ministry of Defense and all of its agencies, and not just the military's defense procurement agency as the company had hoped.

Singapore Technologies Kinetics can still legally challenge the blacklisting and await a court ruling on arbitration, The Business Times reported Thursday. No charges have been brought against Singapore Technologies Kinetics.

In the interim, Singapore Technologies Kinetics has accordingly filed three petitions in the Delhi High Court to overturn the blacklisting decision on three tenders it had entered into with Indian defense authorities.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
2
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
3
Harris selected for geospatial data products Harris selected for geospatial data products
4
Sweden plans to replace its Defense and Security Export Agency Sweden plans to replace its Defense and Security Export Agency
5
Throwback Thursday: Facebook launches old-school 'Rooms' app Throwback Thursday: Facebook launches old-school 'Rooms' app
Trending News
Around the Web
x
Feedback