Wednesday, May 17, 2017

MiG-27s bought at inflated prices

Rajapaksa govt.’s controversial MiG deal – Part I

By C. A. Chandraprema- 

In 2006, reports appeared in the print media about alleged irregularities in the purchase of four MiG-27s from Ukraine and the overhaul of four other MiG aircraft which were already in the possession of the Air Force. Since the change of government in January 2015, the new government has shown an interest in investigating the so-called ‘MiG deal’ and we have seen occasional reports in the media about the progress of the investigation. Back in 2006, the two most important allegations about this transaction centred around the difference in the price of the MiG-27s bought in 2000 and 2006, and the manner in which the payment was made. In 2000, the first four MiG-27 aircraft along with the accompanying ground equipment and spares had been bought at a total price of USD 8 million (or two million USD per package).