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...
Cheat Sheet | Reported by Nitin Gokhale; Edited by Mala Das (with inputs from Agencies) | Thursday October 9, 2014
A court in Italy is expected to give its verdict today on whether top executives of a defense manufacturer paid bribes to land contracts, including in India, which agreed to buy 12 helicopters for use by the Prime Minister and other top leaders.
India | Edited by Mala Das (with inputs from Agencies) | Tuesday September 23, 2014
Businessman Gautam Khaitan has been arrested by the Enforcement Directorate (ED) in connection with its probe into money laundering in the Rs 3650-crore defence deal to supply VVIP helicopters.
India | Written by Sudhi Ranjan Sen | Tuesday August 26, 2014
India will continue to buy weapon systems and hardware from Italian defence equipment firm Finmeccannica, which, along with its subsidiaries, has been accused of paying huge kickbacks to clinch a Rs 3650-crore defence deal to supply VVIP helicopters.
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 | 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 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 | 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 | Saturday May 24, 2014
Lifting a freeze partially, an Italian court has allowed India to encash bank guarantees worth about Rs 1,818 crore deposited by Agusta Westland in a bank there in the VVIP chopper deal which has been scrapped because of bribery allegations.
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 | 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 h...
India | 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 docum...