The Board of Italian defence giant Finmeccanica has carried out major organisational changes in the wake of the AgustaWestland scandal and the arrest of its Chief Executive Officer Giuseppe Orsi. All aerospace and defence businesses are being restructured and internal audit activities are being centralised. ...
04:43 PM, Feb 23, 2013
The Defence Ministry on Tuesday referred the Augusta Westland bribery allegations case to the Central Bureau of Investigation (CBI). The development came after the Italian police arrested the head of Italian government-controlled defence group Finmeccanica SpA on February 12. ...
05:07 PM, Feb 12, 2013
New Delhi: The sale of Augusta Westland helicopters to the Air Force is being probed for possible kickbacks. Italian authorities have reportedly recorded conversations between the India head of the helicopter manufacturer, Finmeccanica, and a middleman. The deal to purchase 12 VVIP helicopters for Rs 3500 crores is already under a cloud with the Ministry of Defence seeking probe reports from Italian authorities. Italian prosecutors have been investigating a series...
12:25 PM, Oct 25, 2012
