The Bofors scam which is sometimes referred to as India's Watergate scandal gave rise to a political storm in the country pointing fingers at Rajiv Gandhi, who was the Prime Minister then, for receiving a bribe from Bofors AB, a Swedish company.
The estimation of the scam amounted to Rs 64 crore. The government of India and the Bofors signed a contract in 1986 for the supply of 155mm Howitzer field guns. About a year later the Swedish radio alleged that Bofors paid kickbacks to politicians and defence officials to close the deal.
Bofors scam shook the entire nation as it involved the then Prime Minister, Rajiv Gandhi. This scam took place between 1980 - 1990.
Several top leaders and bureaucrats were accused of receiving kickbacks from the now defunct Swedish arms company Bofors AB for clearing a contract to supply 155 mm field howitzer
The middleman associated with the scandal was Ottavio Quattrocchi, was believed to be a major player in the scam.
With Quattrocchi's death after years of legal battle, the Bofors saga came to an end on July 13, 2013.
