Rhein­metall Air De­fence fights black­list

SP's MAI - - SP’S EXCLUSIVES -

Fight­ing a 10-year black­list that came into ef­fect ear­lier on March 5 this year, Rhein­metall Air De­fence (RAD), Zurich, has sought le­gal re­course against the or­der de­bar­ring the com­pany from do­ing busi­ness with In­dia’s Ord­nance Fac­tory Board (OFB) for a decade. A writ pe­ti­tion filed by the com­pany came up for hear­ing in a Delhi court last week. In a state­ment, Rhein­metall Air De­fence said, “The com­pany is de­ter­mined to prove in In­dia’s courts that al­le­ga­tions which led to RAD’s black­list­ing in March 2012 are false and that RAD and its em­ploy­ees acted in full com­pli­ance with the law. Not­with­stand­ing its de­ci­sion to seek re­dress through In­dia’s le­gal sys­tem, RAD re­mains com­mit­ted to a close di­a­logue with In­dian au­thor­i­ties and is ready to co­op­er­ate with them in or­der to clear its name with re­gard to the black­list­ing. As a mat­ter of prin­ci­ple, RAD binds it­self and its em­ploy­ees to strict com­pli­ance stan­dards. The com­pany en­joys an ex­cel­lent track record in meet­ing these stan­dards in all mar­kets where it op­er­ates.” RAD was one of six firms black­listed for a pe­riod of 10 years in March, which in­cluded ST Ki­net­ics Cor­po­ra­tion De­fence Rus­sia and Is­rael’s IMI.

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