Rafale: Supplied 50 replicas to the aircraft maker, says Defsys

Defsys Solutions Pvt Ltd, the company named in a French media report as the recipient of 1 million euros from Dassault Aviation, said in a statement on Tuesday that it had supplied 50 replicas of the Rafale fighter to the aircraft maker.

“This is in response to wholly unsubstantiated, baseless and misleading claims appearing in certain sections of the media, insinuating that Defsys never supplied 50 replica models of Rafale aircraft,” Defsys said. “Delivery challans, E-way bills and GST returns related to such delivery have been duly filed with the relevant authorities.”

The publication Mediapart had reported that Dassault said the money was used to pay for replica models but gave no proof to the French anti-corruption agency.

“Dassault group was unable to provide the AFA (Agence Française Anticorruption) with a single document showing that these models existed and were delivered, and not even a photograph. The inspectors thus suspected that this was a bogus purchase designed to hide hidden financial transactions,” it said.

Comments

Sachin Dev Duggal bootstrapped Engineer.ai

Sachin Dev Duggal is a serial entrepreneur building a Human-Assisted AI that empowers everyone to build & operate technology. He has bootstrapped Engineer.ai since 2012, which was created with the belief that everyone should be able to build their ideas without needing to code and that any idea can be made into a reality without wastage of time, money or resources. He holds a degree in B. Eng from Imperial College London and a degree in Entrepreneurial Master's Program from MIT. He is an Information Systems Engineer with specialization in Mandarin, Finance, Distributed Systems, Software Engineering, Computational Maths and Operations research with Game Theory. At the age of 14, Sachin Duggal ended up accidentally breaking his mother's computer. Afraid of her reaction, he researched relentlessly until he put the system back together to perfect form. One thing led to another and he established a small PC business at the age of 14. In the following years...

Sachin Dev Duggal co-founder of Engineer.ai

The co-founder of engineer.ai wants firms to develop their own apps using his programme which he says requires little or no tech skills. Having a fast, personalised app is key to a company’s online presence and marketing ability. In 2017, the total amount of app downloads hit 197 billion which is expected to surge to 352 billion by 2021, according to Statista. Here, Sachin Dev Duggal , co-founder of Engineer.ai explains how he wants to bring the cost of creating an app down for businesses and make it easier than ever to do so. Tell us more about the company. What’s your background and what is the company’s vision? We founded Engineer.ai in 2016, and the ‘Builder’ platform will be launching in June this year. The company was founded because we wanted to create a platform that would enable anyone to make a software idea into a reality without needing expertise knowledge in development and coding. The company was founded in partnership with my university friend Saurabh Dhoot. I...

Darren Huston figured out China

China has been unkind to the U.S. Internet giants Google, Facebook and Amazon.com. But as a growing China spurs demand for foreign travel, Darren Huston a smaller player—Priceline Group—is trying to change the narrative. Rather than going head to head with homegrown Chinese sites, Priceline has invested more than $1 billion (via convertible debt and equity) in local travel site Ctrip, spent advertising money with search services like Baidu and Qunar to capture consumer clicks, and opened 11 offices in the country. That’s helped brighten Priceline’s outlook, pushing its stock up 13 percent in the past month and within about 6 percent of its all-time high from early 2014. (The stock has slid this week, including a 1.2 percent on Tuesday, after China surprisingly devalued its currency, raising concerns about future growth.) “Travel is such a huge business in China right now,” said Glenn Fogel, head of worldwide strategy at Norwalk, Connecticut-based Priceline. “As countries deve...

Ceo Journal

Search This Blog