We need FDI, not kickbacks
One may wonder what imports have got to do with corruption. Well, plenty. Over-invoicing of imports and its adjunct, kickbacks, are often linked to import transactions. In fact, the Bofors saga was all about alleged payment of kickbacks to our politicians through sundry businessmen. The recently deceased Italian businessman Ottavio Quattrocchi, allegedly close to the Gandhi family, was, according to Swedish Radio, paid around $23 million by the Swedish gun manufacturer Bofors by way of winding up charges for swinging the deal in its favour.
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