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 | 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 | 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 | 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...