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Wednesday, August 18, 1999

BJP issues excerpts of court judgments on Bofors deal

EXPRESS NEWS SERVICE  
NEW DELHI, Aug 17: In a bid to put the Congress president Sonia Gandhi in a spot on her statement on the Bofors gun deal, BJP on Tuesday issued excerpts from some judgments of Indian as well as Swiss courts inducting Ottavio Quattrocchi as recipient of three per cent kickbacks and his relations with Sonia.

The party released a list of 38 candidates for LS elections in Bihar, AP and Maharashtra besides 23 candidates for AP Assembly and six for Maharashtra Assembly polls. Veteran cricketer Kirti Azad (Darbhanga) and Finance Minister Yashwant Sinha (Hazaribagh) are the prominent names among candidates announced on Tuesday. BJP has so far announced 322 names and was likely to issue another list of 50-odd names. The attack on Sonia was led again by BJP's Campaign Committee member Arun Shourie, who cited bank accounts numbers of exclusively held by Quattrocchi and his wife, in which the kickback money was deposited.

The Bofors company deposited seven million pounds in a Swiss bank account opened by AEServices on September 5, 1986 and 11 days later the entire money was transferred to account number 254.561.60W opened by Colbar Investments Ltd -- held by Quattrocchi and his wife, Maria in the Union Bank of Switzerland. Another $ 1,23,900 was deposited in it on September 29,1986. The entire money was exactly three per cent of the amount India paid to Bofors as advance, he claimed.

The Chamber of Accusation in its judgment on September 6, 1996 clearly stated that Quattrocchi was owner of Colbar Investments and he had given a non-existent address of Delhi for this account. Quattrocchi floated another company Wetelsen Overseas SA in Panama and his entire money from Colbar Investments's account was transferred to account number 488.320.60X opened again in Union Bank of Switzerland, Geneva on July 25, 1988.

The new account could be operated only by Quattrocchi and his wife, he claimed. In another round of laundering on May 21, 1990 another $ 200,000 were transferred from Wetelsen's account into the accountof Inter Investment Development Corporation in Channel Islands.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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