Begin typing your search above and press return to search.
Homechevron_rightKeralachevron_rightDefence deals: Subi...

Defence deals: Subi Malli confesses getting Rs 18L as commission

Defence deals: Subi Malli confesses getting Rs 18L as commission

Kochi: Subi Malli, the Mumbai-based businesswoman who allegedly mediated in defence deals reportedly told the CBI that she had received Rs 18 lakh as commission for acquiring defence deals for Steel and Industrial Forgings Ltd.

Malli confessed of sharing the commission with M Shanavas, former managing director and A Valsan, senior manager of the Steel and Industrial Forgings Ltd, while questioning at the CBI office at Kathrikadavu here on Thursday.

The alleged fraudulent deals were for supplying components for Arjun battle tanks.

The CBI also interrogated Shanavas and Valsan in connection with the deals.

It was reported that the CBI officials have made Malli reveal the names of certain defence officials, who have received kickbacks for clearing the deal. The investigation team is likely to question the officials after verifying the details.

It was in the last quarter of 2011 that Malli managed to get new tenders in favour of the SIFL and Mysore-based AMW-MGM from Indian Ordinance Factory at Medak in Andhra Pradesh and Heavy Vehicles Factory at Avadi in Tamil Nadu for supplying road-wheel arms and flanches for the battle tanks.

Malli allegedly played the agent's role in getting defence contracts in favour of the vendors after colluding with officials of Indian Ordinance Factories Service.

Show Full Article
Next Story