India News | Nitin Gokhale | Friday October 10, 2014
A court in Italy on Thursday ruled that no kickbacks were paid in a deal for 12 helicopters for use by top Indian political leaders. It also found that there is no evidence to suggest former Indian Air Force chief SP Tyagi had accepted bribes to help AgustaWestland - the British unit of Italian defence manufacturer Finmeccanica - land the contract.
Cheat Sheet | Reported by Rahul Joglekar, Edited by Abhinav Bhatt | Thursday October 9, 2014
A court in Italy has ruled that no kickbacks were paid in a deal for 12 helicopters for use by top Indian political leaders. It also found that there is no evidence to suggest former Indian Air Force chief SP Tyagi had accepted bribes to help AgustaWestland - the British unit of Italian defence manufacturer Finmeccanica - land the contract.
India News | Press Trust of India | Monday September 1, 2014
Facing a Central Bureau of Investigation probe in India, defence firm Finmeccannica on Sunday claimed that an Italian court hearing the VVIP chopper scam has accepted its "request for monetary measures" in the case against its subsidiary company AgustaWestland and accordingly imposed fines of over Rs 62 crore on it.
India News | Agencies | Wednesday July 30, 2014
Italy's Finmeccanica has reached an agreement with prosecutors to settle legal proceedings over a high-profile helicopter contract between one of its units and India.
India News | Written by Sunetra Choudhury | Tuesday July 15, 2014
The recent questioning of governors in the purchase of AgustaWestland helicopters has brought to notice the curious fact that CBI's number 2, special director AK Sinha was reportedly one of those who attended a key meeting in the Prime Minister's office before the Agusta tender was cleared.
India News | Devesh Kumar | Wednesday July 9, 2014
Andhra Pradesh governor and former Intelligence Bureau (IB) Director E S L Narasimhan was today examined by the Central Bureau of Investigation, or the CBI, as a witness in connection with the alleged misappropriation of funds in the purchase of a dozen VVIP helicopters from AgustaWestland, the Anglo Italian defence major.
India News | Amit Chaturvedi | Tuesday July 8, 2014
Tomorrow, the CBI is likely to question Andhra Pradesh Governor ESL Narasimhan as part of its investigation into whether large kickbacks were paid to Indian officials by Anglo-Italian manufacturer AgustaWestland, which landed a 3,600-crore contract to sell 12 helicopters for use by top Indian politicians.
India News | Press Trust of India | Saturday July 5, 2014
The Enforcement Directorate (ED) today slapped a money laundering case against former IAF chief SP Tyagi and 20 others in the Rs 3,600-crore AgustaWestland VVIP chopper deal to probe alleged kickbacks of Rs. 360 crore.
India News | NDTV.com | Friday July 4, 2014
Goa Governor BV Wanchoo has resigned, hours after he was questioned by the Central Bureau of Investigation today as a witness in connection with alleged irregularities in the purchase of 12 helicopters meant for VVIP use from AgustaWestland, an Anglo-Indian defence manufacturer.
India News | Edited by Devesh Kumar | Friday July 4, 2014
Goa Governor BV Wanchoo is being questioned as a witness by the Central Bureau of Investigation, or the CBI, in connection with the alleged financial irregularities in the purchase of 12 VVIP helicopters from AgustaWestland, an Anglo-Indian defence manufacturer.
India News | Edited by Surabhi Malik | Monday June 30, 2014
MK Narayanan has resigned as the Governor of West Bengal after being questioned by the CBI in connection with an alleged swindle centered on the sale of 12 helicopters to India by AgustaWestland, an Anglo-Italian defence manufacturer.
India News | Edited by Prasad Sanyal (with inputs from Agencies) | Friday June 27, 2014
MK Narayanan, the Governor of Bengal, has been questioned today by the CBI, said sources, in connection with an alleged swindle centred on the sale of 12 helicopters by Agusta-Westland to India.
India News | Reuters | Wednesday June 11, 2014
India has cashed in 228 million euros ($310 million) in bank guarantees backing a scrapped helicopter deal with Finmeccanica, people familiar with the matter said, in a move that may prompt the Italian state-controlled defence group to cut its 2014 targets.
India News | Reuters | Monday May 26, 2014
India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica , the defence ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks.
India News | Press Trust of India | Sunday May 25, 2014
After an Italian court partially lifted the freeze and allowed India to encash bank guarantees worth Rs 1,818 crore deposited by AgustaWestland in the VVIP chopper deal, the Defence Ministry today said it will take "immediate steps" to fully recover the amount.
India News | Press Trust of India | Tuesday March 18, 2014
An Italian court has barred India from encashing bank guarantees worth over Rs 2,360 crore of AgustaWestland as part of the penalties imposed on it after scrapping of the Rs 3,600 crore VVIP chopper deal.
Cheat Sheet | Agencies | Tuesday March 18, 2014
India has received a major setback in its attempt to cover itself financially after it cancelled a 12-helicopter deal with Italian defence giant Finmeccanica. The deal was cancelled in January over allegations of bribery and kickbacks.
India News | Reuters | Tuesday March 18, 2014
An Italian judge has rejected a request by India to recover more than 278 million euros in bank guarantees backing a scrapped helicopter deal with Finmeccanica, the Italian defence group said on Monday.
India News | Press Trust of India | Sunday March 2, 2014
India has to recover bank guarantee worth Rs 2,134 crore deposited in Italian banks after scrapping AgustaWestland VVIP chopper deal in which allegations of corruption against then IAF Chief SP Tyagi and others are being probed by CBI.
India News | Reuters | Thursday February 6, 2014
India's military has postponed until the next financial year a plan to buy 126 fighter planes from France's Dassault Aviation, the defence minister said on Thursday.
India News | Edited by Deepshikha Ghosh | Wednesday February 5, 2014
Amid angry shouts alleging corruption within the government, Defence Minister AK Antony today said there was no proof of Congress president Sonia Gandhi's alleged link to the VVIP chopper scam, which involves the now-cancelled deal to buy 12 luxury helicopters from defence manufacturer AgustaWestland.
India News | Nitin Gokhale | Tuesday February 4, 2014
The government has just eight choppers to fly top leaders like the President and the Prime Minister and all of them are almost past their expiry date, the government has been warned recently.
India News | Press Trust of India | Sunday February 2, 2014
An alleged middleman allegedly involved in the Rs. 3600-crore VVIP chopper deal had asked Anglo-Italian defence manufacturer AgustaWestland to "target" UPA chairperson Sonia Gandhi and her "closest advisers" to bag the 12-helicopter contract, a document submitted in an Italian court suggests.
India News | Press Trust of India | Sunday February 2, 2014
Some key documents submitted in an Italian court have revealed that an alleged middleman asked a contact in India to target key aides of UPA chairperson Sonia Gandhi to bag the VVIP chopper deal.