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Ottavio Quattrocchi
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Ottavio Quattrocchi (Wikipedia.org)

Ottavio Quattrocchi is an Italian businessman who is being sought in India for criminal charges for acting as a conduit for bribes in the Bofors scandal.

Quattrocchi's role in this scandal, and his proximity to Indian prime minister Rajiv Gandhi through his Italian wife Sonia Gandhi (Antonio Maino), is thought to have contributed to the defeat of the Congress Party in the 1989 elections. Ten years later (1999), the Central Bureau of Investigation (CBI) named Quattrocchi in a chargesheet as the conduit for the Bofors bribe. The case against him was strengthened in June 2003, when Interpol revealed two bank accounts, 5A5151516M and 5A5151516L, held by Quattrocchi and his wife Maria with the BSI AG bank, London, containing Euros 3 million and $1 million, a "curiously large savings for a salaried executive" . In January 2006, these frozen bank accounts were unexpectedly released by India's law ministry, apparently without the consent of the CBI which had asked for them to be frozen .

On 6 February 2007, Ottavio Quattrocchi was detained in Argentina on the basis of the Interpol warrant. The Indian investigating agency CBI came under attack for putting up a half-hearted effort towards his extradition and India lost the case for his extradition in June 2007, the judge remarking that "India did not even present proper legal documents" . Embarrassingly, India was asked to pay Ottavio's legal expenses.

Ottavio's financier son, Massimo Quattrocchi, grew up with Sonia Gandhi's children Rahul and Priyanka Gandhi, who are currently rising through the political hierarchy in India. Massimo currently advises the Luxembourg-based firm Clubinvest on business opportunities in India. He visits India frequently, and runs an office in Bangalore. . He was present in India at the time of his father's Argentina arrest in February 2007, and there is speculation that he may have met Priyanka Vadra around that time .

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New Delhi: While the Ottavio Quattrocchi detention and deportation issues continue to create ripples in the diplomatic circles, the impact is also being felt by the Indian taxpayers. As Parliament ...
2 years ago
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New Delhi: Parliament was adjourned till 1400 hours IST on Thursday after the Opposition disrupted proceeding over Italian businessman Ottavio Quattrocchi, whom the government is trying to extradite ...
2 years ago
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New Delhi, October 03 (ANI):India's central investigating agency, Central Bureau of Investigation on Saturday filed an application in a court in Delhi seeking closure of politically sensitive Bofors ...
2 months ago
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Law Minister Veerappa Moily has backed Centre's call to drop the case against Bofors' accused Ottavio Quattrocchi, admitting that there was nothing left to do in the case.
2 months ago
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Italian businessman and Bofors case accused Ottavio Quattrocchi has said that he is ready to face trial in Italy....
2 years ago
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Bofors accused Ottavio Quattrocchi may have slipped out of the CBI's hands but the opposition is not going to let the matter ...
2 years ago
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New Delhi: If losing two major state elections was not enough, Italian middleman Ottavio Quattrocchi definitely filled up the Congress-led UPA Government's cup of woes on Tuesday. The Government on ...
2 years ago
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CBI will be seeking closure of case against Italian businessman Ottavio Quattrocchi in the Bofors gun deal case before a Delhi court on Saturday
2 months ago
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