Tuesday, January 18, 2011
Pakistan’s Zardari ‘pocketed millions’ in French subs deal
The documents, revealed here for the first time by Mediapart, show that the payments to Zardari and others took place on the fringes of the sale of three Agosta-class submarines by the French defence contractor the DCN) to Pakistan in the 1990s. The French sale succeeded against rival offers by Swedish and German contractors.
The sale, and the payment of bribes associated with it - officially termed as commissions – are at the core of what has become known as the ‘Karachi affair’, currently the subject of two French judicial investigations and which has rocked the French political establishment with its potential far-reaching ramifications within France.
Increasing evidence suggests that cancellation of the commissions, ordered by former French president Jacques Chirac, was decided after it was discovered they were in part re-routed back to France to fund political activities of Chirac’s principal political rival, Edouard Balladur. For the full background to the story please click here.
The documents now in possession of Paris-based judge Renaud Van Ruymbeke were found during a French police search in June 2010 of the home of Amir Lodhi , one of the intermediaries involved in securing the Agosta contract. Lodhi held a copy of a report by a Pakistani anti-corruption service, the Ehtesab Cell.