Controversial Italian businessman Ottavio Quattrocchi, who was a key figure in the Bofors payoffs scandal, has died in Milan following a stroke.
Seventy-four-year-old Quattrocchi died peacefully on Friday and his funeral will take place on Monday, a member of the family said on the phone from the Italian city.
The Bofors chargesheet filed in 1999 by the Central Bureau of Investigation had named Quattro-cchi, who was close to the Gandhi family during his days in India as the representative of an Italian firm, as one of the accused in the case regarding the `64 crore payoffs for supply of Swedish Howitzer guns to the Indian Army. The `1,600 crore contract was clinched in 1986.
But on March 4, 2011, a Tis Hazari court here discharged Quattr-occhi 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 against Quattrocchi was filed by the public prosecutor on October 3, 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.