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VVIP chopper deal: CBI Director meets Indian envoy in Italy

Last Updated: Friday, April 18, 2014, 18:48

CBI Director Ranjeet Sinha has met Indian envoy in Italy in connection with its probe into alleged irregularities in Rs 3,600 AgustaWestland helicopter deal.

Italian police arrest two people over slush funds

Last Updated: Tuesday, March 25, 2014, 03:25

Italian police arrested two former officials of the government-controlled Finmeccanica, Italy`s biggest defence and aerospace group, in an investigation into allegations of bribery and corruption.

India to appeal against Italian court order in chopper scam

Last Updated: Tuesday, March 18, 2014, 10:34

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.

Italy judge rejects India bid to recover AgustaWestland guarantees

Last Updated: Tuesday, March 18, 2014, 08:16

An Italian judge has rejected a request by India to recover more than EUR 278 million in bank guarantees backing a scrapped helicopter deal with Finmeccanica, the Italian defence group said.

Ex-IAF chief Fali Major was hosted by Finmeccanica: Reports

Last Updated: Friday, February 07, 2014, 16:47

In a fresh development in the scam-tainted VVIP chopper deal, lawyers of AgustaWestland have reportedly told an Italian court that its parent company Finmeccanica had hosted the then IAF chief F H Major in 2007, a period when the bidders were being shortlisted.

DefExpo: AgustaWestland, Finmeccanica bookings cancelled

Last Updated: Tuesday, February 04, 2014, 14:19

The Defence Ministry has cancelled bookings of AgustaWestland and its parent company Finmeccanica from a military exhibition as the two companies were "under investigation" in the now-cancelled Rs 3,600 crore deal to supply choppers for VVIP use, a senior official said Tuesday.

Def Min to keep out Finmeccanica group from military show

Last Updated: Friday, January 24, 2014, 20:22

After scrapping the Rs 3,600 crore chopper contract, Defence Ministry today said it is ousting AgustaWestland`s parent company Finmeccannica from the biennial military exhibition DefExpo starting February 6.

Proposal to buy torpedos from AgustaWestland`s sister concern

Last Updated: Friday, January 17, 2014, 16:14

A week before cancelling the VVIP chopper deal with AgustaWestland, the Defence Ministry had approved a long-pending Navy proposal for buying heavy-weight torpedos from the Italian company`s sister concern to be considered by the Cabinet Committee on Security.

AgustaWestland warns of job cuts as India scraps deal

Last Updated: Friday, January 03, 2014, 06:44

Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed a decision by the Indian government to take part in an arbitration process over a $770 million helicopter deal, but warned of possible job cuts.

India scraps AugustaWestland VVIP chopper deal on New Year`s Day

Last Updated: Wednesday, January 01, 2014, 16:07

The scrapping of the deal with AugustaWestland – the British arm of Italian firm Finmeccanica - could now open the doors for fresh contract with other chopper companies like United Technologies Corp`s Sikorsky Aircraft, EADS` Eurocopter and Lockheed Martin. 

Facing deal termination, AugustaWestland invokes arbitration clause

Last Updated: Wednesday, November 20, 2013, 13:35

Facing threat of cancellation of its deal, AgustaWestland told the Defence Ministry it was not involved in any wrongdoing in securing the Rs 3,600 crore contract for supplying 12 VVIP choppers to the IAF.

India to cancel VVIP chopper deal with Finmeccanica`s AgustaWestland: Report

Last Updated: Tuesday, November 19, 2013, 17:04

India has decided to cancel a scandal-tainted helicopter deal with Anglo-Italian firm AgustaWestland, a news agency said.