A not-so-sweet deal

7 May 2010
Buyers should be on the lookout for rising costs from suppliers as the economic recovery begins to strengthen (if you don’t have login access click here). But perhaps they should watch out for increased prices from a more unlikely source. According to this story on the Telegraph website, India agreed to buy the Admiral Gorshkov aircraft carrier from Russia in 1982 for $800 million. But since then costs have reached an estimated $2.33 billion. And now it is alleged a classic “honeytrap” sting may be behind the inflated costs. Commodore Sukhjunder Singh is currently said to be under investigation after a CD of saucy snaps was sent to the Indian navy’s HQ last month. Those investigating Commodore Singh’s conduct have not ruled out the possibility the honeytrap could have been used to blackmail him when he was head of the technical delegation overseeing repair and refit of the warship. Of course, Commodore Singh denies the incident had any impact on price negotiations with the Russians.
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