The arms company has contradicted the basis of the CAG audit, saying it signed a Memorandum of Understanding on offsets and collaborated production with the Ordnance Factory Board.
Tag Archives: Singapore Technologies
Anatomy of a blacklist: Singapore Technologies
The CAG submitted a report to Parliament last week, that testifies to the acts of omission and commission, based on incompetence, lack of foresight or mala fide intent, that led to the recommendation for the blacklisting of Singapore Technologies, arising from the issue of the supply of carbines to paramilitary forces.
Six arms firms proposed for MoD blacklist
The Indian Defense Minister AK Antony confirmed to Parliament on Tuesday, the recommendation of the Central Bureau of Investigation (CBI) for the blacklisting of six arms firms by the Ministry of Defense, Singapore Technologies, Israel Military Industries, TS Kissan and Company Private Limited and RK Machine Tools Private Limited, Rheinmetall Air Defence of Germany and a Russian firm called Cooperation Defence.
ST Kinetics denies blacklisting
The Singapore-based arms firm, which was earlier reported to have been blacklisted has questioned such a description of itself and has offered its books up scrutiny by Indian agencies.
India allows tainted weapon systems’ trials
The Ministry of Defense has allowed user trials of five weapons systems that were held up due to allegations of corruption against two of the vendors involved in the trials, ST Kinetics and Israel Military Industries.
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