A big increase in the price of the Rafale transaction can be attributed to the deal having bypassed mandated procedures. The French side took advantage of parallel parleys by the PMO that weakened the Indian team’s position. The government overruled Financial Advisers’ recommendation for an escrow account, and the deal was not on better terms than the UPA-era offer. Here are all of N. Ram’s investigative reports on the Rafale deal.
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Published - March 06, 2019 05:13 pm IST
