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1. Thales Faces French Corruption Probe Over India Mirage Contract.

Author

Serafino, Phil and Baldassari, Valentine

Subjects
OPTICAL illusions, CORRUPTION, COMMERCIAL courts, CONTRACTS, STOCK prices, BRIBERY
Abstract

(Bloomberg) -- Defense company Thales SA faces a bribery probe by French prosecutors into a $2.5 billion contract it won to modernize the Indian Air Force's fleet of Dassault Mirage 2000 planes. A preliminary investigation has been opened into allegations by Sanjay Bhandari, who said in a court case that he served as a middleman to help Thales win the contract, according to a person familiar with the probe. [Extracted from the article]

Published
2023

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