Interpol Removes The Red Corner Notice
In April 2009, The Interpol removed the red-corner notice issued against Ottavio Quattrocchi after a request from the Central Bureau of Investigation.
In sharp contrast to a nearly two-decade-long investigation by the CBI, an income tax tribunal bench has ruled that Rs. 41 crore was paid in bribes to Ottavio Quattrocchi, an Italian businessman once considered a friend of the Gandhi family, and Win Chadha, the Bofors agent in India.
Read more at: http://www.ndtv.com/article/india/quattrochi-chadha-got-bofors-kickbacks-it-tribunal-76783?cp
A major chapter in the 25-year-old Bofors saga was closed on Friday with a Tis Hazari court here discharging Italian businessman Ottavio Quattrocchi from the payoffs case after allowing the CBI to withdraw prosecution against him.
Chief Metropolitan Magistrate Vinod Yadav, in his 73-page order, noted that the CBI, despite “spending through the nose for about 21 years, has not been able to put forward legally sustainable evidence with regard to conspiracy in the matter. Further, in the case of Mr. Quattrocchi, as against the alleged kickback of Rs.64 crore he received, the CBI had by 2005 already spent around Rs.250 crore on the investigation, which is sheer wastage of public money.”
Read more about this topic: Ottavio Quattrocchi
Famous quotes containing the words removes, red, corner and/or notice:
“One merit in Carlyle, let the subject be what it may, is the freedom of prospect he allows, the entire absence of cant and dogma. He removes many cartloads of rubbish, and leaves open a broad highway. His writings are all unfenced on the side of the future and the possible. Though he does but inadvertently direct our eyes to the open heavens, nevertheless he lets us wander broadly underneath, and shows them to us reflected in innumerable pools and lakes.”
—Henry David Thoreau (1817–1862)
“From behind the red gates comes the stink of wine and meat, while along the road sides lie the bones of the frozen dead.”
—Chinese proverb.
“Many said selfishness was the flaw of our modern age; but then self-conceit emerged from a corner of the deepest hell to join selfishness.”
—Franz Grillparzer (1791–1872)
“We do not place especial value on the possession of a virtue until we notice its total absence in our opponent.”
—Friedrich Nietzsche (1844–1900)