Seven defence companies including Israeli Military Industries (IAI) and three Indian companies, have been blacklisted by the ministry of defence (MoD) as they are figuring in a corruption case filed by the Central Bureau of Investigation. All the deals with these companies have now been ?put on hold?.
The blacklisted companies are IAI, Singapore Technology, BVT Poland and Media Architects Pvt. Ltd of Singapore and three Indian companies: T.S. Kishan and Co. Pvt. Ltd., R.K. Machine Tools and HYT Engineering Co.
According to the principal spokesman, the defence ministry, Sitanshu Kar, ?Taking a tough stand against corruption, defence minister AK Antony has directed all acquisition cases in the pipeline in respect of the seven companies figuring the CBI FIR (first information report) to be put on hold till further orders.?