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12 Jan 2012

The Karachi submarine sale scandal

"In May 2002, 11 French engineers working on the assemblage of Agosta class submarines sold by France to Pakistan died in a bomb blast in Karachi. Initially presumed to be the work of Islamist terrorists, the blast was later revealed to be an act of retaliation by elements in the Pakistani military and the ISI in response to the French state's failure to pay Pakistani officials $33 million in promised kickbacks for a €1.8-billion contract for the purchase of Agosta submarines in 1994."

The Hindu : Opinion / Op-Ed : The Karachi submarine sale scandal
"Judges investigating the affair are now attempting to prove or disprove whether French Prime Minister Edouard Balladur received “retro commissions” or reverse kickbacks for the contract. Ironically, it is Judge Marc Trevidic (who has now reversed the Rwanda report), who decided to reopen the case to begin tracking the “reverse kickbacks” enquiry."

"Giving commissions was not illegal (it is now) but receiving reverse kickbacks has and remains illegal."

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