Feb 13, 2013, 07.36 PM | Source: Reuters
Finmeccanica deal put on hold after bribery arrest: official
INDIA-DEFENCE-FINMECCANICA:Finmeccanica deal put on hold after bribery arrest: official
NEW DELHI (Reuters) - India has suspended payments to Italian defence group Finmeccanica SpA for a $750 million helicopter deal and won't take delivery of more aircraft until the completion of a federal police investigation into bribery allegations, a defence ministry source told Reuters.
(Reporting by Nigam Prusty; Writing by Manoj Kumar; Editing by Frank Jack Daniel)