VVIP chopper: Development in Italy court won`t affect CBI probe

The proposed dropping of probe against defence major Finmeccanica by Italian prosecutor will not affect the probe of CBI into alleged bribery in the purchase of 12 VVIP helicopters from its sister concern AgustaWestland.

AG cautions govt against blacklisting of Finmeccanica

Attorney General has cautioned the Centre that blacklisting Italian defence firm Finmeccanica and its subsidiaries could affect the operational preparedness of the armed forces.

Arun Jaitley to review AgustaWestland chopper scam case

Defence Minister Arun Jaitley will review the Rs 3,600 crore AgustaWestland chopper deal with the ministry preparing a presentation for him on the procurement which was scrapped after allegations of bribery and payment of kickbacks.

Qatar nears exclusive talks on buying Rafale fighter: Report

Qatar could firm up its interest in buying French Rafale fighter planes when its new Emir, Sheikh Tamim Ben Hamad Al Thani visits Paris on June 23, the La Tribune financial website reported Wednesday.

Setback for India as Italian court revokes guarantee freeze in Finmeccanica case

Finmeccanica said on Friday an Italian court had revoked a freeze on up to 228 million euros ($311 million) of bank guarantees that India was seeking to recover in a dispute with the Italian defence group over a scrapped helicopter deal.

SG advises against immediate steps to blacklist AgustaWestland

The government`s move to blacklist Anglo-Italian firm AgustaWestland in the wake of bribery allegations in VVIP helicopter deal is set to be delayed with Solicitor General Mohan Parasaran advising against any immediate action.

VVIP chopper deal: CBI Director meets Indian envoy in Italy

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

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

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

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

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

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.

Proposal to buy torpedos from AgustaWestland`s sister concern

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

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

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

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

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

Chopper scam: CBI to send judicial request to Italy

With a view to finalising the charge sheet in VVIP helicopter purchase scam, CBI will send a judicial request to Italy seeking statements of the accused who have been facing trial in that country.

VVIP choppers: Sikorsky ready to pitch in if Agusta deal scrapped

With government moving towards cancelling AgustaWestland deal for VVIP choppers, US firm Sikorsky said it is ready to provide such helicopters to India if the contract is scrapped.

VVIP choppers: Sikorsky ready to pitch in if Agusta deal scrapped

With government moving towards cancelling AgustaWestland deal for VVIP choppers, US firm Sikorsky said it is ready to provide such helicopters to India if the contract is scrapped.