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Finmeccanica

Jan 03, 2014 at 08:58 | Source: Reuters
"AgustaWestland... confirms having received yesterday from India's Ministry of Defence notification concerning the appointment of an arbitrator from its side," Finmeccanica said in a statement.
Nov 25, 2013 at 22:35 | Source: CNBC-TV18
The first nine months of this year show a loss of 136 million euros compared to a 141 million euros plus in 2012. The prime reason: suspended payments in the Indian helicopter deal. Next, there could be job losses at Agusta Westland.
Nov 18, 2013 at 16:02 | Source: PTI
"NTPC has eliminated its previous contract with Ansaldo, a group company of Finmeccanica," sources said. 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.
Oct 04, 2013 at 18:33 | Source: Reuters
In February, India froze payments on the 560 million euro contract to supply 12 helicopters after the deal became mired in allegations of bribery and the then-CEO of Finmeccanica was arrested by Italian police for allegedly paying bribes to secure the deal.
May 05, 2013 at 11:32 | Source: Reuters
FINMECCANICA-ORSI-TRIAL:Finmeccanica ex-CEO corruption trial starts in June - sources
Apr 01, 2013 at 21:00 | Source: PTI
AgustaWestland, which is surrounded by controversies over the VVIP chopper deal, is appointing a former British Government employee Jackie Callicut as its India head, a post which was vacant for over a year.
Mar 17, 2013 at 09:22 | Source: Reuters
INDIA-FINMECCANICA-BLACKLIST:India wrestles with dilemma of blacklisting AgustaWestland
Mar 13, 2013 at 11:26 | Source: Reuters
INDIA-FINMECCANICA:CBI launches raids in probe into Finmeccanica, AgustaWestland
Feb 27, 2013 at 18:12 | Source: Reuters
INDIA-FINMECCANICA:India says does not believe AgustaWestland bribery denial
Feb 21, 2013 at 21:21 | Source: PTI
Facing allegations of paying bribes to bag the Rs 3,600 crore deal for supplying 12 helicopters to India, Italian company Finmeccanica today said it is responding to the show cause notice issued by the Indian defence ministry.
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Source:BBC - India will appeal against the order of an Italian court which rejected Delhi`s request to recover $387m (£233m) in bank guarantees backing a scrapped helicopter deal with Finmeccanica. India cancelled the $753m (£455m) deal last month with the Italian defence giant after allegations

5.41 PM Mar 18th

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for a price of €560 million (around Rs 4,600 crore), an Italian investigation has established that bribes amounting around €51 million may have been paid to middlemen. Though bribery was suspected as far back as in 2009, St Antony did nothing. It is only when the Italians ended up arresting Finmeccanica CEO

2.13 PM Feb 27th

R Jagannathan

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for a price of €560 million (around Rs 4,600 crore), an Italian investigation has established that bribes amounting around €51 million may have been paid to middlemen. Though bribery was suspected as far back as in 2009, St Antony did nothing. It is only when the Italians ended up arresting Finmeccanica CEO

12.50 PM Feb 27th

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Source:FirstPost - New Delhi: 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.The government`s demand threatens to complicate efforts by AgustaWestland, a division

4.00 PM Jan 10th

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Source:Economic Times - MILAN: 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.

12.31 PM Jan 3rd

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Source:BBC - India has cancelled a $753m (£455m) helicopter deal with Italian defence giant Finmeccanica after allegations of corruption, officials say. The contract was for 12 luxury helicopters to transport VIPs. Defence officials said they scrapped the deal because an integrity pact had been

12.42 PM Jan 2nd

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Source:The Hindu BusinessLine - The Government on Wednesday scrapped the controversial Rs 3,500-crore deal to purchase 12 helicopters from AgustaWestland. The deal was cancelled following allegations of unethical dealings by Italian company Finmeccanica in the sale by its Anglo-Italian subsidiary

12.42 PM Jan 2nd

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Source:Wall Street Journal - India had ordered 12 helicopters from AgustaWestland—the Anglo-Italian helicopter division of Finmeccanica—in 2010 to use for its leading politicians. While three of the helicopters have already been delivered, India has decided to terminate the order.

11.49 AM Jan 2nd

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Source:Financial Express - The only positive aspect of the Finmeccanica helicopter deal is that investigating it conclusively may be easier as, unlike Bofors, where holier-than-cow Sweden did nothing and even got a major New Delhi avenue named after Olof Palme, here the supplier country

2.42 PM Aug 26th 2013

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FINMECCANICA-ORSI-TRIAL:Finmeccanica ex-CEO corruption trial starts in June - sources

11.32 AM May 5th 2013

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May 25, 2014 at 22:45 | Source: FirstPost
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