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Historical Event on 5/1/1987
The Bofors Deal.

Other Historical Dates and Events
5/2/1996	Controversial godman Chandraswami arrested and sent to high security Tihar jail on a day's judicial custody by a Delhi court for allegedly cheating NRI businessman Lakhubhai Pathak of $1 lakh in 1983.
5/24/1990	Surjit Singh Barnala sworn in as Governor of Tamil Nadu.
5/24/1990	Don Francis-Di-Almeda of Portugal was succeeded as the Viceroy of Protuguese India by Affonso de Albuquerque, who is regarded as the real founder at Portuguese power in India.
1/10/1963	Gold Control Measures Plan was started by the Government of India.
7/16/1993	Russia cancels cryogenic rocket deal with India.
4/30/1936	Mahatma Gandhi started staying in Sevagram Ashram at Wardha in the Central Provinces, making it his headquarters.
5/9/1992	M. J. Pherwani, National Housing Bank Chairman, resigns following his bank's involvement in the Security scandal.
2/4/1944	Japanese attack Indian Seventh Army at Burma
8/13/1795	Ahilyabai Holkar passed away at the age of 70.
9/16/1931	R. Ramachandra Rao, cricket test umpire for one test in 1986-87, was born at Tamil Nadu.

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Historical Event on 5/1/1987 The Bofors Deal.

Historical Event on 5/1/1987
The Bofors Deal.