Bofors scandal

1980s–90s Indian–Swedish corruption scandal related to defence equipment sales

The Bofors scandal was a major weapons-contract political scandal that occurred between India and Sweden during the 1980s and 1990s, initiated by Indian National Congress politicians and implicating the Indian prime minister, Rajiv Gandhi, and several other members of the Indian and Swedish governments. These politicians were accused of receiving kickbacks from Bofors AB, an arms manufacturer principally financed by the Wallenberg family's Skandinaviska Enskilda Banken, for winning a bid to supply to India the company's 155 mm field howitzer – the sale of 410 field howitzers, and a supply contract for almost twice that amount, totalling a US$1.4 billion deal. It was the biggest arms deal ever in Sweden, and money marked for development projects was diverted to secure this contract at any cost. The investigations revealed flouting of rules and bypassing of institutions.

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