Rajiv Mehrishi was the Finance Secretary from October 2014 to August 2015. PM Modi had announced the deal on April 10, 2015.
Tag: bank guarantee
CAG Rafale Report Raises Concerns on Letter of Comfort Over Sovereign Guarantee
The report noted that the 2007 UPA deal included a 15 per cent bank guarantee against advance payments.
Chowkidar Himself Opened Door to Allow Anil Ambani to Steal Rs 30,000 Crore From Air Force: Rahul Gandhi Attacks Modi
Referring to reports on removal of anti-corruption clause, Gandhi added, “it is clear that PM has stolen in this Rafale matter.”
What is The Corruption That Modi Wanted to Hide?: Congress Slams PM For Waiving Anti-Corruption Measures in Rafale Deal
“No sovereign guarantee, no bank guarantee, no escrow account, yet a huge amount was paid as advance,” said P Chidambaram.
Will PM Modi Resign? Report Reveals Govt Excluded Anti-Corruption Clauses From Rafale Deal
The Modi Govt also overruled the recommendation of the Financial Advisor of safeguarding payments using an escrow account under the French Govt’s charge.