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 | 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 | Reuters | Friday January 10, 2014
Italian defence giant Finmeccanica's troubles in India are deepening, with the New Delhi government seeking repayments worth some 270 million euros over a scrapped helicopter deal.
India | Reported by Rahul Joglekar, Edited by Abhinav Bhatt | Saturday January 11, 2014
An Italian public prosecutor on Thursday asked in court whether the initials 'AP' appearing in the notes of a middleman accused of paying bribes to push the controversial AgustaWestland VVIP chopper deal was a reference to senior Congress leader Ahme...
India | Edited by Surabhi Malik (With inputs from PTI) | Thursday January 9, 2014
A team of Defence Ministry and CBI officials will question alleged middleman Guido Haschke in Italy today in connection with the Rs 3600-crore VVIP chopper scam.
India | Reuters | Friday January 3, 2014
Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed India's decision to take part in an arbitration process over a $770 million helicopter deal.
India | Nitin Gokhale | Thursday January 2, 2014
India has finally cancelled the controversial Rs 3,600-crore contract for 12 helicopters meant for VVIPs with UK-based AgustaWestland amid allegations that deal was riddled with kickbacks.
India | Edited by Surabhi Malik (With inputs from PTI) | Wednesday January 1, 2014
India has cancelled the Rs 3,600 crore VVIP chopper deal with British manufacturer AgustaWestland over allegations that it was riddled with kickbacks, sources in the Defence Ministry have told NDTV.
India | Indo-Asian News Service | Wednesday November 27, 2013
AgustaWestland has submitted its reply to the Indian Defence Ministry's final show cause notice in the VVIP chopper deal and the Ministry is expected to take a final decision on the contract soon, said informed sources.
World | Reuters | Tuesday November 19, 2013
AgustaWestland has not been contacted by India's defence ministry over the possible cancellation of a helicopter deal, the company's parent group, Italy's Finmeccanica, said on Tuesday.
India | Reuters | Tuesday November 19, 2013
India may cancel a scandal-tainted chopper deal with Anglo-Italian firm AgustaWestland, prejudging the outcome of a meeting on Wednesday between company executives and Defence Ministry officials to discuss the contract, three sources said.
Tuesday November 19, 2013
Finmeccanica is also the parent company of AgustaWestland, which is facing probe after bribery charges were levelled against it in the Rs 3,600-crore helicopter deal with India.
Sunday November 10, 2013
The Foreign Investment Promotion Board (FIPB) has approved a proposal to assemble upgraded version of a military and civil helicopter in collaboration with the Augusta Westland, a firm which is facing corruption inquiry in India, according to sources...
India | Sudhi Ranjan Sen | Wednesday October 23, 2013
The Defence Ministry has issued a final showcause notice to AgustaWestland before the impending cancellation of a controversial 3,600 crore contract for choppers for VVIPs including the Prime Minister.
Cheat Sheet | Edited by Deepshikha Ghosh | Friday October 18, 2013
Swiss resident Guido Ralph Haschke, the alleged middleman in an Indian deal for VVIP helicopters won by AgustaWestland, has been arrested on charges of bribery. The Rs 3,600-crore chopper contract is under investigation by Italian and Indian agencies...
India | Reuters | Thursday October 17, 2013
India will finalise a $15 billion deal to buy 126 Rafale fighter jets from France's Dassault Aviation by March 2014, an Indian air force official said on Thursday, after the deal had been held up by differences over local manufacturing.
India | Reuters | Friday October 4, 2013
AgustaWestland has invoked arbitration over a scandal-tainted deal to sell helicopters to the government, according to a statement on Friday from the unit of Italy's Finmeccanica.
India | Reuters | Tuesday August 13, 2013
Indian negotiators set a higher base price for the purchase of helicopters from AgustaWestland and frequently changed the bidding rules, the auditor said on Tuesday, making it harder for the government to complete the 560 million euro deal.