The Deadly Arms Game – Part 3

Naturally, weapons manufacturers thrive in a world of armed conflict. They are not alone, though. Arms dealers also have a similar interest. After real estate, spectrum licences and mining rights, arms deals are an excellent way to siphon away massive amounts of money. Remember Bofors? It caught the headlines for a while but was only one of the few cases that came to light; most go unnoticed. Corruption and defence contracts are brothers in arms.

With India rolling in cash and too much of media scrutiny happening within the country, what better way is there to collect cash than to sign a few arms deals? All in the name of India’s security, something that is hard to argue against. This after America has given some wonderful live demonstrations of its technologies in Iraq and Afghanistan.

Not just the arms manufacturers and dealers, the politicians also find this arrangement very desirable. They get their cut. Most of this happens outside public gaze and deals are shielded from investigations for ostensibly national “security” reasons, and besides, it would be un-patriotic to question the need for yet another fleet of fighter planes costing $10 billion or so.

Continued tomorrow.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.

One thought on “The Deadly Arms Game – Part 3”

  1. “Most of this happens outside public gaze” and there are some that do happen in public –
    I really wonder how empty is their stomach? 140K crore, you(raja) can afford to buy the entire chennai in that much amount of money (or may be half of it) and where does all this money goes? They don’t start eating 10 times a day in a 5 star hotel, they don’t buy 100 cars (they won’t do that else it will end up as the last scam of their life), may be wear everything including the inner ones made up of gold or a diamond lining on them, probably send their kids to the bestest universities in the world (so that they can become a bigger scammer than their beloved ones) but for that also you don’t need a goof up of 140K crore. So where is it going? I wonder what can happen to a city if 140K crore is spent entirely on it, it might change into the 8th wonder of the world.

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