This is the statement issued by Rheinmetall Air Defence :
"Rheinmetall
Air Defence (RAD), Zurich, is seeking legal recourse against the order
debarring the company from doing business with India’s Ordnance
Factory Board (OFB) for ten years. RAD had filed a writ petition to
this effect in the Delhi High Court, which came up for hearing
yesterday.
The
company is determined to prove in India’s courts that allegations which
led to RAD’s blacklisting in March 2012 are false and that RAD and
its employees acted in full compliance with the law.
Notwithstanding
its decision to seek redress through India’s legal system, RAD remains
committed to a close dialogue with Indian authorities
and is ready to cooperate with them in order to clear its name with
regard to the blacklisting.
As
a matter of principle, RAD binds itself and its employees to strict
compliance standards. The company enjoys an excellent track record in
meeting these standards in all markets where it operates."
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