The Barak deal was one of the biggest scams perpetrated. This scandal pertains to the procurement of the Barak Missile Systems from Israel by India. Several alleged accomplices to this scam had been nailed by the CBI, following an investigation in the scam, which includes the ex – treasurer of the Samata Party, R K Jain. Other important politicians and eminent authorities indicted in the First Investigation Report includes ex – Defense Minister George Fernandes, politician Jaya Jaitley and ex – naval officer Suresh Nanda (son of the retired Chief of the Naval Staff, S M Nanda).The Barak Missile System was the result of the joint venture of the Israel Aircraft Industries (IAI) and the RAFAEL Armament Industry of Israel. India had penned contracts with Israel on 23rd October, 2000 to purchase seven such missile systems, the budget for which was USD 199.50 million and 200 missiles at a cost of USD 69.13 million. This contract was finalized in the face of severe disagreement of seve...
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