Controversial Italian businessman Ottavio Quattrocchi, who was a key figure in the Bofors payoffs scandal, has died in Milan following a stroke.
74-year-old Quattrocchi died peacefully on Friday and his funeral will take place on Monday, a member of the family told a news agency on phone from the Italian city.
The Bofors charge sheet filed in 1999 by CBI had named Quattrocchi as one of the accused in the case regarding the Rs 64 crore payoffs for supply of Swedish Howitzer guns to the Indian Army.The Rs 1,600 crore contract was clinched in 1986.
But on 4th March 2011, a Tis Hazari court in New Delhi discharged Quattrocchi from the payoffs case after allowing the CBI to withdraw prosecution against him, bringing to an end a major chapter in the 25-year-old Bofors saga.
An application for withdrawal of the case agains Quattrocchi was filed by the public prosecutor on 3rd October 2009.
The CBI had unsuccessfully tried to extradite Quattrocchi to India but it lost two extradition appeals, first in Malaysia in 2002, and then in Argentina in 2007. Quattrochi left India in 1993 to avoid being arrested.
Defence minister A K Antony recently said the government does not plan to launch any fresh probe into the Bofors scandal and that Quattrocchi stands “discharged” as he could not be extradited even after 20 years of registration of the case.