India | 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...
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 AgustaW...
India | 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 Agus...
India | 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 | 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 off...
India | 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 d...
India | 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 t...
India | 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 | 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...
India | 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 m...
India | 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 | 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 | 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 t...
India | 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 | 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 ...
India | 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 | 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 | 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 | 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.