• Friday, August 19, 2022

Business

Modi mauled over French defence deal

Narendra Modi

By: Sarwar Alam

India’s Narendra Modi was under fire Saturday after French ex-president Francois Hollande added fresh fuel to corruption allegations in a bilateral defence deal, with the prime minister branded a traitor by his chief political opponent. French defence firm Dassault picked Reliance Group, run by Indian billionaire Anil Ambani, as its main local partner in the multi-billion-dollar 2016 deal to buy 36 Rafale jets, instead of the state-run Hindustan Aeronautics Limited (HAL). This has long been controversial because unlike HAL, Reliance had no previous experience in the aeronautics sector. Hollande, president from 2012-17, was quoted on Friday by investigative website Mediapart…

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