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Finmeccanica

May 05, 2016 at 22:14 | Source: PTI
After CBI quizzed him for three days, former Air Force chief S P Tyagi was today subjected toa marathon 10-hour questioning by the ED in connection with the controversial Rs 3,600 crore AgustaWestland chopper deal.
Apr 30, 2016 at 14:50 | Source: PTI
Jaitley disputed the statement of former Defence Minister A K Antony that the UPA regime had blacklisted AugustaWestland Finmeccanica after the bribe issue come out on the chopper deal.
Apr 29, 2016 at 10:56 | Source: PTI
The BJP MP said today that he will also seek breach of privilege proceedings against Leader of the Opposition Ghulam Nabi Azad for "falsely" saying that the UPA government had blacklisted Finmeccanica, the manufacturer of AgustaWestland choppers.
Apr 27, 2016 at 19:56 | Source: PTI
AgustaWestland was not blacklisted during the UPA rule, top Modi government sources claimed today, asserting it was the NDA dispensation which had put on hold all acquisition proposals with the VVIP chopper scam-tainted firm.
May 28, 2015 at 08:22 | Source: Reuters
Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project.
Mar 17, 2015 at 08:00 | Source: IBNLive.com
Christain Michel had allegedly spent Rs 4 crore on air travels of top Indian officials, amongst them retired Air Marshal Gautam Nayyar. Michel had spent Rs 56 lakh on retired Air Marshal Gautam Nayyar and his family between 2010-2013, even after the officer had retired from the IAF.
Feb 24, 2015 at 15:53 | Source: Reuters
For Hitachi, which relocated its rail division to London last year, the main focus of the deal is rail signal system unit Ansaldo STS, a profitable business which would help it sell combined carriage and signals packages as well as give it a manufacturing presence in continental Europe.
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.
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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 2014

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

2.13 PM Feb 27th 2014

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 2014

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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 2014

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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 2014

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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 2014

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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 2014

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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 2014

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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 10, 2016 at 10:28 | Source: FirstPost
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