Islamabad delays $24 bln deal with France: Retaliates for JF-17 parts hold
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Nahraf
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May be Rupee news is not credible but you can connect the dots and see that it can be credible. France delaying the JF-17 deal and Pakistan delaying the GDF Suez deal. It is a chess game and both Pakistan and France are making their moves. In the end France will sign the deals since 2012 Sarkozy faces reelection and he needs these deals to create and maintain high paying jobs in France.
deckingraj
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what are you talking man...Just see the amount of money involved here....These are not simple deals that can be clinched with any country like that...There is a long and hefty process associated with it and cause delays which will back fire...Honestly military contracts have no relations with non-military contracts...Anyways something between Pakistan and France to figure out....
I am surprised at such reactions...Here we are told that center of Power lies with Army...Much to the fact that even foreign policy is dictated by the army(role of Army in recent discussion with America was more than evident) and when it comes to Arms deal single Zardari can do anything....I am getting an inclination that you guys are just looking for someone to bash....I am not saying Zardari is saint but one man cannot do everything right????
Hello you are talking about Fighter Aircrafts and not toys...Once you will make a deal Avionics will be manufactured...Its not like you have 2 sweet years to choose who should provide you Avionics and then once you place the order their comes the avionics...
graphican
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Energy Crisis in Pakistan not because of absence of resources, rather use of them. Paksitan still has capacity to produce 19,000 megawats of power while our domestic requirements are that of 12,000-13,000 watts. This is MF Bloody BULL $HIT politics and hunger for money in play that country is going through such a miserable time. Just let this government pass away and let somebody sensible engage IPPs that are producing electricity at half of their production potential, our energy crisis will be over in a matter of months.
Regarding the Pak-French deal, we will end up having best resources for our defense Inshallah. Indian's or any other country's haramkari is not going to step Pakistan from becoming we ought to be. We have faith in God and the service this Ummah is choozen to offer.
Nahraf
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Why don't Pakistan use $25 billion for building gas pipeline from Iran instead of LNG (Liquified Natural Gas) deal with GDF Suez ? I think a gas pipeline would be long term investment and it will strengthen also our ties with Iran.
Nahraf
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French are famous for bribes and kickbacks for their expensive weapons.
Asia Sentinel - Malaysia's Submarine Scandal Surfaces in France
Malaysia's Submarine Scandal Surfaces in France
Tag it:Written by John Berthelsen
Friday, 16 April 2010
Murky arms deal linked to international pattern of kickbacks
A potentially explosive scandal in Malaysia over the billion-dollar purchase of French submarines, a deal engineered by then-Defense Minister Najib Tun Razak, has broken out of the domestic arena with the filing of a request to investigate bribery and kickbacks from the deal in a Paris court.
Although the case has been contained for eight years in the cozy confines of Malaysia's courts and parliament, which are dominated by the ruling National Coalition, French lawyers William Bourdon, Renaud Semerdjian and Joseph Breham put an end to that when they filed it with Parisian prosecutors on behalf of the Malaysian human rights organization Suaram, which supports good-government causes.
Judges in the Paris Prosecution Office have been probing a wide range of corruption charges involving similar submarine sales and the possibility of bribery and kickbacks to top officials in France, Pakistan and other countries. The Malaysian piece of the puzzle was added in two filings, on Dec. 4, 2009 and Feb. 23 this year.
For two years, Parisian prosecutors, led by investigating judges Francoise Besset and Jean-Christophe Hullin, have been gingerly investigating allegations involving senior French political figures and the sales of submarines and other weaponry to governments all over the world. French news reports have said the prosecutors have backed away from some of the most serious charges out of concern for the political fallout.
The allegations relate to one of France's biggest defense conglomerates, the state-owned shipbuilder DCN, which merged with the French electronics company Thales in 2005 to become a dominant force in the European defense industry. DCN's subsidiary Armaris is the manufacturer of Scorpene-class diesel submarines sold to India, Pakistan and Malaysia among other countries. All of the contracts, according to the lawyers acting for Suaram, a Malaysian human rights NGO, are said to be suspect.
With Najib having moved on from the defense portfolio he held when the deal was put together in 2002 to become prime minister and head of the country's largest political party, the mess has the potential to become a major liability for the government and the United Malays National Organisation. Given the power of UMNO, it is unlikely the scandal would ever get any airing in a Malaysian court, which is presumably why Suaram reached out to French prosecutors.
"The filings are very recent and have so far prompted a preliminary police inquiry on the financial aspects of the deal," said a Paris-based source familiar with France's defense establishment. "There isn't a formal investigation yet. The investigation will most likely use documents seized at DCN in the course of another investigation, focusing on bribes paid by DCN in Pakistan."
The source said police have confined their inquiry to bribery allegations so far and have not looked into the 2006 murder of a Mongolian woman in Malaysia who was a translator on the deal for Najib and his friend, Abdul Razak Baginda, during a visit to Paris.
There have been numerous deaths involving DCN defense sales in Taiwan and Pakistan. Prosecutors are suspicious that 11 French submarine engineers who were murdered in a 2002 bomb blast in Karachi first thought to have been the work of Al Qaeda were actually killed in retaliation for the fact that the French had reneged on millions of dollars in kickbacks to Pakistani military officers.
The Malaysian allegations revolve around the payment of 114 million to a Malaysia-based company called Perimekar, for support services surrounding the sale of the submarines. Perimekar was wholly owned by another company, KS Ombak Laut Sdn Bhd, which in turn was controlled by Najib's best friend, Razak Baginda, whose wife Mazalinda, a lawyer and former magistrate, was the principal shareholder, according to the French lawyers.
"Over the past years, serious cases have been investigated in France by judges involving DCN," lawyer Renaud Semerdjian told Asia Sentinel in a telephone interview. "This is not the first case of this kind that is being investigated. There are others in Pakistan and there are some issues about India. To a certain extent, every time weapons of any kind have been provided, suspicion of violation of the law may be very high."
As defense minister from 2000 to 2008, Najib commissioned a huge military buildup to upgrade Malaysia's armed forces, including two submarines from Armaris and the lease of a third, a retired French Navy Agosta-class boat. There were also Sukhoi supersonic fighter jets from Russia and millions of dollars spent on coastal patrol boats. All have come under suspicion by opposition leaders in Malaysia's parliament but UMNO has stifled any investigation. Asked personally about the cases, Najib has responded angrily and refused to reply.
Despite efforts to bury it, the case achieved considerably notoriety after the murder of Altantuya Shaariibuu, a 28-year-old Mongolian translator and Razak Baginda's jilted lover, who participated in negotiations over the purchase of the submarines. By her own admission in a letter found after her death, she was attempting to blackmail Razak Baginda for US$500,000.
She was shot in October 2006 and her body was blown up with military explosives by two bodyguards attached to Najib's office after Razak Baginda went to Najib's chief of staff, Musa Safri, for help in keeping her away from him. Not long after being acquitted in November 2008 under questionable circumstances of participating in her murder, Razak Baginda left the country for England. The bodyguards were convicted but no motive was ever established for their actions despite a confession by one which was not allowed in court, but which said they would be paid a large sum of money to get rid of her.
The submarine deal was never brought up in court during a months-long murder trial that was marked by prosecutors, defense attorneys and the judge working studiously to keep Najib's name out of the proceedings. A private detective hired by Razak Baginda to protect him from the furious Altantuya filed a statutory declaration after the trial indicating that Najib had actually been the victim's lover and had passed her on to Razak Baginda.
The detective, P. Balasubramaniam, said later that he was unceremoniously run out of Kuala Lumpur. He eventually emerged from hiding in India to say he had been offered RM5 million (US$1.57 million) by a businessman close to Najib's wife to shut up and get out of town. He also said he had met Nazim Razak, Najib's younger brother, and was told to recant his testimony.
In the current complaint in Paris, the issue revolves around what, if anything, Razak Baginda's Perimekar company did to deserve 114 million. Zainal Abidin, the deputy defense minister at the time of the sale, told parliament that Perimekar had received the amount 11 percent of the sale price of the submarines for "coordination and support services." The Paris filing alleges that there were neither support nor services.
Perimekar was registered in 2001, a few months before the signing of the contracts for the sale, the Paris complaint states. The company, it said flatly, "did not have the financial resources to complete the contract." A review of the accounts in 2001 and 2002, the complaint said, "makes it an obvious fact that this corporation had absolutely no capacity, or legal means or financial ability and/or expertise to support such a contract."
"None of the directors and shareholders of Perimekar have the slightest experience in the construction, maintenance or submarine logistics," the complaint adds. "Under the terms of the contract, 114 million were related to the different stages of construction of the submarines." The apparent consideration, supposedly on the part of Perimekar, "would be per diem and Malaysian crews and accommodation costs during their training. There is therefore no link between billing steps and stages of completion of the consideration."
As Asia Sentinel reported on April 1, services for the subs are being performed by a well-connected firm called Boustead DCNS, a joint venture between BHIC Defence Technologies Sdn Bhd, a subsidiary of publicly-listed Boustead Heavy Industries Corp Bhd, and DCNS SA, a subsidiary of DCN. Boustead's Heavy Industries Division now includes Perimekar as an "associate of the Group. PSB is involved in the marketing, upgrading, maintenance and related services for the Malaysian maritime defence industry," according to Boustead's annual report.
Originally Boustead told the Malaysian Stock Exchange that the service contract was for RM600 million (US$184.1 million) for six years, or US$30.68 million annually. However, the contract later ballooned to RM270 million per year. Boustead Holdings is partly owned by the government and has close connections with UMNO.
"There are good grounds to believe that [Perimekar] was created with a single objective: arrange payment of the commission and allocate the amount between different beneficiaries including Malaysian public officials and or Malaysian or foreign intermediaries," the complaint states.
Asia Sentinel - Malaysia's Submarine Scandal Surfaces in France
Malaysia's Submarine Scandal Surfaces in France
Tag it:Written by John Berthelsen
Friday, 16 April 2010
Murky arms deal linked to international pattern of kickbacks
A potentially explosive scandal in Malaysia over the billion-dollar purchase of French submarines, a deal engineered by then-Defense Minister Najib Tun Razak, has broken out of the domestic arena with the filing of a request to investigate bribery and kickbacks from the deal in a Paris court.
Although the case has been contained for eight years in the cozy confines of Malaysia's courts and parliament, which are dominated by the ruling National Coalition, French lawyers William Bourdon, Renaud Semerdjian and Joseph Breham put an end to that when they filed it with Parisian prosecutors on behalf of the Malaysian human rights organization Suaram, which supports good-government causes.
Judges in the Paris Prosecution Office have been probing a wide range of corruption charges involving similar submarine sales and the possibility of bribery and kickbacks to top officials in France, Pakistan and other countries. The Malaysian piece of the puzzle was added in two filings, on Dec. 4, 2009 and Feb. 23 this year.
For two years, Parisian prosecutors, led by investigating judges Francoise Besset and Jean-Christophe Hullin, have been gingerly investigating allegations involving senior French political figures and the sales of submarines and other weaponry to governments all over the world. French news reports have said the prosecutors have backed away from some of the most serious charges out of concern for the political fallout.
The allegations relate to one of France's biggest defense conglomerates, the state-owned shipbuilder DCN, which merged with the French electronics company Thales in 2005 to become a dominant force in the European defense industry. DCN's subsidiary Armaris is the manufacturer of Scorpene-class diesel submarines sold to India, Pakistan and Malaysia among other countries. All of the contracts, according to the lawyers acting for Suaram, a Malaysian human rights NGO, are said to be suspect.
With Najib having moved on from the defense portfolio he held when the deal was put together in 2002 to become prime minister and head of the country's largest political party, the mess has the potential to become a major liability for the government and the United Malays National Organisation. Given the power of UMNO, it is unlikely the scandal would ever get any airing in a Malaysian court, which is presumably why Suaram reached out to French prosecutors.
"The filings are very recent and have so far prompted a preliminary police inquiry on the financial aspects of the deal," said a Paris-based source familiar with France's defense establishment. "There isn't a formal investigation yet. The investigation will most likely use documents seized at DCN in the course of another investigation, focusing on bribes paid by DCN in Pakistan."
The source said police have confined their inquiry to bribery allegations so far and have not looked into the 2006 murder of a Mongolian woman in Malaysia who was a translator on the deal for Najib and his friend, Abdul Razak Baginda, during a visit to Paris.
There have been numerous deaths involving DCN defense sales in Taiwan and Pakistan. Prosecutors are suspicious that 11 French submarine engineers who were murdered in a 2002 bomb blast in Karachi first thought to have been the work of Al Qaeda were actually killed in retaliation for the fact that the French had reneged on millions of dollars in kickbacks to Pakistani military officers.
The Malaysian allegations revolve around the payment of 114 million to a Malaysia-based company called Perimekar, for support services surrounding the sale of the submarines. Perimekar was wholly owned by another company, KS Ombak Laut Sdn Bhd, which in turn was controlled by Najib's best friend, Razak Baginda, whose wife Mazalinda, a lawyer and former magistrate, was the principal shareholder, according to the French lawyers.
"Over the past years, serious cases have been investigated in France by judges involving DCN," lawyer Renaud Semerdjian told Asia Sentinel in a telephone interview. "This is not the first case of this kind that is being investigated. There are others in Pakistan and there are some issues about India. To a certain extent, every time weapons of any kind have been provided, suspicion of violation of the law may be very high."
As defense minister from 2000 to 2008, Najib commissioned a huge military buildup to upgrade Malaysia's armed forces, including two submarines from Armaris and the lease of a third, a retired French Navy Agosta-class boat. There were also Sukhoi supersonic fighter jets from Russia and millions of dollars spent on coastal patrol boats. All have come under suspicion by opposition leaders in Malaysia's parliament but UMNO has stifled any investigation. Asked personally about the cases, Najib has responded angrily and refused to reply.
Despite efforts to bury it, the case achieved considerably notoriety after the murder of Altantuya Shaariibuu, a 28-year-old Mongolian translator and Razak Baginda's jilted lover, who participated in negotiations over the purchase of the submarines. By her own admission in a letter found after her death, she was attempting to blackmail Razak Baginda for US$500,000.
She was shot in October 2006 and her body was blown up with military explosives by two bodyguards attached to Najib's office after Razak Baginda went to Najib's chief of staff, Musa Safri, for help in keeping her away from him. Not long after being acquitted in November 2008 under questionable circumstances of participating in her murder, Razak Baginda left the country for England. The bodyguards were convicted but no motive was ever established for their actions despite a confession by one which was not allowed in court, but which said they would be paid a large sum of money to get rid of her.
The submarine deal was never brought up in court during a months-long murder trial that was marked by prosecutors, defense attorneys and the judge working studiously to keep Najib's name out of the proceedings. A private detective hired by Razak Baginda to protect him from the furious Altantuya filed a statutory declaration after the trial indicating that Najib had actually been the victim's lover and had passed her on to Razak Baginda.
The detective, P. Balasubramaniam, said later that he was unceremoniously run out of Kuala Lumpur. He eventually emerged from hiding in India to say he had been offered RM5 million (US$1.57 million) by a businessman close to Najib's wife to shut up and get out of town. He also said he had met Nazim Razak, Najib's younger brother, and was told to recant his testimony.
In the current complaint in Paris, the issue revolves around what, if anything, Razak Baginda's Perimekar company did to deserve 114 million. Zainal Abidin, the deputy defense minister at the time of the sale, told parliament that Perimekar had received the amount 11 percent of the sale price of the submarines for "coordination and support services." The Paris filing alleges that there were neither support nor services.
Perimekar was registered in 2001, a few months before the signing of the contracts for the sale, the Paris complaint states. The company, it said flatly, "did not have the financial resources to complete the contract." A review of the accounts in 2001 and 2002, the complaint said, "makes it an obvious fact that this corporation had absolutely no capacity, or legal means or financial ability and/or expertise to support such a contract."
"None of the directors and shareholders of Perimekar have the slightest experience in the construction, maintenance or submarine logistics," the complaint adds. "Under the terms of the contract, 114 million were related to the different stages of construction of the submarines." The apparent consideration, supposedly on the part of Perimekar, "would be per diem and Malaysian crews and accommodation costs during their training. There is therefore no link between billing steps and stages of completion of the consideration."
As Asia Sentinel reported on April 1, services for the subs are being performed by a well-connected firm called Boustead DCNS, a joint venture between BHIC Defence Technologies Sdn Bhd, a subsidiary of publicly-listed Boustead Heavy Industries Corp Bhd, and DCNS SA, a subsidiary of DCN. Boustead's Heavy Industries Division now includes Perimekar as an "associate of the Group. PSB is involved in the marketing, upgrading, maintenance and related services for the Malaysian maritime defence industry," according to Boustead's annual report.
Originally Boustead told the Malaysian Stock Exchange that the service contract was for RM600 million (US$184.1 million) for six years, or US$30.68 million annually. However, the contract later ballooned to RM270 million per year. Boustead Holdings is partly owned by the government and has close connections with UMNO.
"There are good grounds to believe that [Perimekar] was created with a single objective: arrange payment of the commission and allocate the amount between different beneficiaries including Malaysian public officials and or Malaysian or foreign intermediaries," the complaint states.
H2O3C4Nitrogen
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i hope the contract is being awarded to Fauji Foundation ..!
aimarraul
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Islamabad delays $24 bln deal with France: Retaliates for JF-17 parts hold
Posted on April 16, 2010 by The Editors Rupee News
There is static on the French Connection.
Pakistani JF-17 parts: What’s behind ornery French skulduggery
There are rumors and media reports that Pakistan has retaliated against France for delaying the signing of the parts for the JF-17 thunders. A couple of weeks ago France under pressure from Bharat delayed or canceled the transfer of parts for the Pakistani redesigned JF-17 Thunders.
The Pakistan government has delayed an energy deal, due to be signed on April 15, with French company GDF Suez. The Pakistani Ministry of Petroleum and Natural Resources in February awarded a contract worth up to US$25 billion to GDF Suez to import 3.75 million tonnes per annum of liquefied natural gas (LNG) for up to 20 years. The LNG from Qatar was to be imported at a price of $1.8 billion in the first six years.
The French leader President Sarkozy is scheduled to visit Pakistan to sort out the matter of the further sales of the Augusta Submarines. The Pakistan Navy wanted to buy the 214 German Subs. However a tangled web of mystery ended up with Pakistan seeking the French subs.
Now that deal may also be in jeopardy. Unless President Sarkozy plans a quid pro quo, both the Submarine and gas contracts will go to German and Chinese companies.
Nice! N’est pas?
There is a disjunction between private and public French posturing. Islamabad is used to French double-dealing, duplicity, and equivocation. In the 80s France backed out a Nuclear Reprocessing plant deal with Pakistan–under US pressure. Pakistanis totally get it. They know French polysyllabic profundity to the core. This last sleight-of-hand scurvy trick is typical of France’s subterfuge and deceitful fakement. The French turpitude on putting a $1.6 billion deal for Pakistan “on hold” was seen for what it was— silly surreptitious trickery by Sarkozy and gang to secure the lucrative Bharati (aka Indian) deal first and put then pressure on Pakistan to force Islamabad to buy the Scorpians/Augustas rather than the German 214 Submarines.
Now Pakistan has raised the stakes.
If Mr. Sarkozy wants to lose the $20 billion Suez deal, he can continue to pander to Delhi.
In 2008 Pakistan Navy under chief of naval staff Admiral Muhammad Afzal Tahir made efforts for including German 214 Class submarines in its fleet and owing to Navy’s persistent efforts, the government had approved plans for acquisition of these submarines to be built at Karachi Shipyard under transfer of technology programme.
The details were later worked out between the two countries when a Pakistan Navy delegation visited Germany in April.
However recently quoting Pakistani government sources, the Financial Times Deutschland says President Asif Zardari may overrule his military’s preference for the German subs to take up a “better offer” from France.
If Mr. Sarkozy does not play ball and ships the JF-17 Thunder parts ”tout de suite”, France will lose a major deal with Pakistan.
Want to play hard Ball? Bein Sur!
How about them apples Sarkozy? Vour comprenez?
Posted on April 16, 2010 by The Editors Rupee News
There is static on the French Connection.
Pakistani JF-17 parts: What’s behind ornery French skulduggery
There are rumors and media reports that Pakistan has retaliated against France for delaying the signing of the parts for the JF-17 thunders. A couple of weeks ago France under pressure from Bharat delayed or canceled the transfer of parts for the Pakistani redesigned JF-17 Thunders.
The Pakistan government has delayed an energy deal, due to be signed on April 15, with French company GDF Suez. The Pakistani Ministry of Petroleum and Natural Resources in February awarded a contract worth up to US$25 billion to GDF Suez to import 3.75 million tonnes per annum of liquefied natural gas (LNG) for up to 20 years. The LNG from Qatar was to be imported at a price of $1.8 billion in the first six years.
The French leader President Sarkozy is scheduled to visit Pakistan to sort out the matter of the further sales of the Augusta Submarines. The Pakistan Navy wanted to buy the 214 German Subs. However a tangled web of mystery ended up with Pakistan seeking the French subs.
Now that deal may also be in jeopardy. Unless President Sarkozy plans a quid pro quo, both the Submarine and gas contracts will go to German and Chinese companies.
Nice! N’est pas?
There is a disjunction between private and public French posturing. Islamabad is used to French double-dealing, duplicity, and equivocation. In the 80s France backed out a Nuclear Reprocessing plant deal with Pakistan–under US pressure. Pakistanis totally get it. They know French polysyllabic profundity to the core. This last sleight-of-hand scurvy trick is typical of France’s subterfuge and deceitful fakement. The French turpitude on putting a $1.6 billion deal for Pakistan “on hold” was seen for what it was— silly surreptitious trickery by Sarkozy and gang to secure the lucrative Bharati (aka Indian) deal first and put then pressure on Pakistan to force Islamabad to buy the Scorpians/Augustas rather than the German 214 Submarines.
Now Pakistan has raised the stakes.
If Mr. Sarkozy wants to lose the $20 billion Suez deal, he can continue to pander to Delhi.
In 2008 Pakistan Navy under chief of naval staff Admiral Muhammad Afzal Tahir made efforts for including German 214 Class submarines in its fleet and owing to Navy’s persistent efforts, the government had approved plans for acquisition of these submarines to be built at Karachi Shipyard under transfer of technology programme.
The details were later worked out between the two countries when a Pakistan Navy delegation visited Germany in April.
However recently quoting Pakistani government sources, the Financial Times Deutschland says President Asif Zardari may overrule his military’s preference for the German subs to take up a “better offer” from France.
If Mr. Sarkozy does not play ball and ships the JF-17 Thunder parts ”tout de suite”, France will lose a major deal with Pakistan.
Want to play hard Ball? Bein Sur!
How about them apples Sarkozy? Vour comprenez?
Last edited:
Kompromat
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Gogbot the Thread already exists and the Real link is not Rupee news , try to find the other thread for the actual link.
Hyde
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and out of this 24 or 25 billion dollars how much is it going to french's account?
obviously this money includes the price of LNG that we are buying from Kuwait and this is total cost of this project for 20 years right? Definitely there would only be a tiny share for french in this whole project however we can still press and try to convince French to let us go ahead with our JF-17 deal with France.
obviously this money includes the price of LNG that we are buying from Kuwait and this is total cost of this project for 20 years right? Definitely there would only be a tiny share for french in this whole project however we can still press and try to convince French to let us go ahead with our JF-17 deal with France.
gogbot
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Well i was not aware of this , it did say by the editors at rupee news.
rupee news articles are reposted on different sites
If this article is true then i must say , Islamabad may have found some much needed leverage.
gogbot there are other sources that has said about this not just rupeenews..rupeenews ha better than all forms of indian media.
Mock the India media as much as you like
. that your personal choice.But even you agree Rupee news is rupee news
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