FINMECCANICA

  • No further requests in AugustaWestland case: UK April 8, 2013

    London: Britain has stressed that it would not be intervening in any investigations into the AgustaWestland helicopter bribery case. "Prime Minister David Cameron had stated during his India visit (February 2013) that we will offer our help if asked to do so and there have been no further requests. The...
  • Former UK govt employee to be AgustaWestland India head April 1, 2013

    New Delhi: AgustaWestland, which is surrounded by controversies over the VVIP chopper deal, is appointing a former British Government employee Jackie Callicut as its India head, a post which was vacant for over a year. Callicut has also served in India in her capacity as a British Government employee and...
  • Former IAF chief SP Tyagi got cash for favouring AgustaWestland: CBI April 1, 2013

    New Delhi: Former Air Chief Marshal (retd) SP Tyagi received cash in return for favouring AngloItalian helicopter company AgustaWestland in the controversial Rs 3,600 crore VVIP helicopter deal, the report by Central Bureau of Investigation (CBI), a copy of which is with CNNIBN, states. The report, however, fails to mention...
  • Chopper deal: Italy demands extradition of Haschke March 23, 2013

    Rome: Italian prosecutors have asked for extradition of Swiss resident Guido Haschke who allegedly allege acted as an intermediary for bribes paid to Indian officials to win the 560 millioneuro contract for 12 helicopters. Haschke was briefly arrested by Swiss authorities in October, 2012 in connection with the probe but he...
  • MoD gets AgustaWestland 'contract' with mystery middleman March 21, 2013

    New Delhi: The Defence Ministry has got the 'contract' between AgustaWestland and alleged middleman Christian Michel regarding the controversial VVIP helicopter Rs 3600 crore deal with India. The 'contract' has been provided by the Anglo-Italian firm to suggest that there was no wrongdoing in the deal, sources told PTI. The company...
  • AgustaWestland denies wrongdoing in transactions with Indian firms March 19, 2013

    New Delhi: Amid the ongoing controversy over alleged kickbacks in the Rs 3,600 crore VVIP chopper deal, Anglo-Italian firm AgustaWestland on Tuesday replied to Defence Ministry queries, denying any wrongdoing. The Ministry had asked the firm to provide details about its transactions with Tunisia and India-based firms IDS Infotech and...
  • India in blacklist dilemma over AgustaWestland March 18, 2013

    New Delhi: Defence Minister AK Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption scandal, but he could be outvoted by cabinet colleagues, several government sources said. Some cabinet ministers and even officials within the defence ministry fear such a move...
  • IAF ex-chief changed norms to favour AgustaWestland: CBI FIR March 13, 2013

    New Delhi: Former Air Force chief SP Tyagi helped in swinging the VVIP chopper deal in favour of Finmeccanica subsidiary AgustaWestland by lowering the service height from 6000 metres to 4,500 metres, the CBI's FIR states. The FIR, however, doesn't mention Tyagi having received money in the deal. Sources alleged that...
  • Court rejects jail release bid of Finmeccanica's ex-CEO March 11, 2013

    Milan: A Milan court has rejected a request by former Finmeccanica Chairman and CEO Giuseppe Orsi to be released from jail, legal sources said on Monday. Orsi was arrested February 12, 2013, on a warrant alleging he paid bribes to win a 560 million euro Indian contract in 2010...
  • AgustaWestland deal: CBI may quiz Goa Governor Wanchoo March 9, 2013

    New Delhi: Former Indian Air Force (IAF) chief SP Tyagi has named former Special Protection Group (SPG) chief Bharat Vir Wanchoo as being one of the men responsible for making alterations to the terms of the AgustaWestland deal. The Central Bureau of Investigation (CBI) is likely to question Wanchoo who...
  • Key political risks to watch in India March 7, 2013

    New Delhi: India's slowest economic growth in a decade could be even worse than anticipated, as preliminary data released in February showed the economy appears to have grown 5.0 per cent in the fiscal year that ends this month - lower than both the RBI and finance minister's forecasts -...
  • Chopper deal: CBI grills former IAF chief SP Tyagi March 6, 2013

    New Delhi: The Central Bureau of Investigation (CBI) on Wednesday questioned former Indian Air Force chief SP Tyagi in connection with the AgustaWestland chopper deal case. Earlier reports had said that Tyagi would be questioned on Thursday. The former Air Chief, who reached the CBI headquarters here at about 3.00 pm,...
  • Chopper deal: CBI questions Tyagi brothers March 6, 2013

    New Delhi: The Central Bureau of Investigation (CBI) on Wednesday questioned cousins of former Air Chief SP Tyagi in connection with alleged kickbacks in Rs 4,000 crore VVIP helicopter deal. Former Air Marshal SP Tyagi is likely to join investigations on Thursday. Julie and Docsa Tyagi are at the CBI...
  • AgustaWestland chopper deal: Brigadier denies charges March 4, 2013

    New Delhi: A brigadier, whose name figured in the allegations of kickbacks in the chopper deal, has been asked by the government about the charges, which he has denied. The allegations were levelled against the brigadier for seeking USD five million from AgustaWestland during an ongoing probe in Italy into...
  • SC rejects PIL, refuses to examine AgustaWestland deal March 1, 2013

    New Delhi: The Supreme Court on Friday refused to examine the AgustaWestland chopper deal after a PIL that a special investigation team should be set up to probe the Rs 4000-crore VVIP helicopter deal. Meanwhile, sources said that CBI is likely to quiz former IAF chief SP tyagi and his...
  • BJP demands SC-monitored probe into chopper deal, rejects UPA's JPC offer February 27, 2013

    BJP questioned again on Wednesday which family benefitted from the tainted AgustaWestland helicopter deal kickbacks and said it wants a Supreme Court monitored probe into the deal. It rejected the UPA's offer for a Joint Parliamentary Committee on the chopper scandal. ...
  • Chopper deal: Ex-Finmeccanica CEO questioned in Italy February 27, 2013

    New Delhi: Former Finmeccanica Chief Executive Giuseppe Orsi was questioned in Italy on Wednesday for his role in the tainted AgustaWestland chopper deal. Orsi was arrested on February 12 on charges of bribery in the Rs 3600 crore helicopter deal with India. Orsi was questioned in a courthouse in Italy's Busto...
  • Chopper deal: BJP says JPC makes no sense as LS term ends in 2014 February 27, 2013

    New Delhi: The BJP on Wednesday rejected the government's proposal for setting up a Joint Parliamentary Committee (JPC) to probe the AgustaWestland chopper deal, saying the move was aimed at scuttling the probe as current Lok Sabha's term will end in 2014. "We will make our position clear in the...
  • Chopper deal: CBI faces tough task ahead in probe February 25, 2013

    New Delhi: The Central Bureau of Investigation (CBI) on Monday named former Air Chief SP Tyagi in its Preliminary Enquiry (PE) in the tainted AgustaWestland chopper deal, along with his cousins Julie and Dosca Tyagi and three key middlemen, as alleged beneficiaries of kickbacks. According to the Italian probe...
  • Chopper deal: Middlemen Michel, Gerosa and Haschke still missing as probe continues February 25, 2013

    Christian Michel, one of the three middlemen mentioned in the tainted AgustaWestland chopper deal, seem to have disappeared and cannot be found at his residence. The other two middlemen Carlo Gerosa and Guido Haschke have similarly disappeared and have not yet come out in public and spoken on the Rs...
  • AgustaWestland: CBI PE names ex-IAF chief, 10 others February 25, 2013

    New Delhi: A preliminary enquiry (PE) has been registered by the Central Bureau of Investigation (CBI) in the Rs 3,600 crore AgustaWestland 101 helicopter deal. Sources say that former Indian Air Force Chief Air Chief Marshal (retd) SP Tyagi and his cousins Julie Tyagi, Dosca Tyagi and Rajeev Tyagi have...
  • CBI registers PE in AgustaWestland deal February 25, 2013

    New Delhi: A preliminary enquiry (PE) has been registered by the Central Bureau of Investigation (CBI) in the Rs 3,600 crore AgustaWestland 101 helicopter deal. Sources say that former Indian Air Force Chief Air Chief Marshal (retd) SP Tyagi and his cousins Julie Tyagi and Dosca Tyagi have been named...
  • Chopper deal: CBI procures documents from Italy February 24, 2013

    New Delhi: The Central Bureau of Investigation (CBI) team that is in Italy to probe the tainted VVIP chopper deal with AgustaWestland claimed it has procured some important documents from Italian authorities on the case. The CBI team, however, is yet to bring the proof back to India. The team, constituted...
  • Finmeccanica undergoes organisational changes February 23, 2013

    New Delhi: 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. A strengthened surveillance group...
  • AgustaWestland denies wrongdoing in the chopper deal February 23, 2013

    New Delhi: AgustaWestland on Friday replied to a showcasue notice issued by the Indian government on the cancellation of the Rs 3600 crore chopper deal. In its reply the company denied any involvement in any kind of malpractice related to the deal. It says it had fully complied with the...
  • Finmeccanica delays results, expands its surveillance body February 22, 2013

    London: VVIP chopper scandal hit Italian defence giant Finmeccanica has delayed publication of its 2012 results following the bribery probe into its Rs 3,600 crore deal with India and has increased the number of members in its surveillance body. The Board of Directors of the firm also decided to centralise...
  • Chopper deal: Finmeccanica assures assistance to CBI team February 21, 2013

    Milan: Parliament is set to discuss the AgustaWestland chopper deal after March 4 under Rule 193, which does not entail voting. Meanwhile, in the latest development concerning the Central Bureau of Investigation (CBI) team, which went as part of probe to Italy, the top management of Finmeccanica has assured assistance...
  • Chopper deal: Italian authorities refuse to share documents February 21, 2013

    New Delhi: The Central Bureau of Investigation (CBI) team met the Italian judge presiding on Wednesday the case but they were red faced as Italian authorities refused to share any documents with them. Sources from the district attorney office in Milan said that the most they can do is to...
  • Chopper deal: CBI team to meet Italian judge today February 20, 2013

    New Delhi: A joint team of officials from the Central Bureau of Investigation (CBI), Defence Ministry and the Foreign Ministry, who are in Italy, will meet judge Luca Labianca on Wednesday who is presiding over the case. However, they will not be meeting the prosecutor. The team is also set to...
  • Joint team of CBI, MoD, MEA to meet AgustaWestland officials February 20, 2013

    Milan: A joint team of the Central Bureau of Investigation, Defence Ministry and the External Affairs Ministry will meet the officials of AgustaWestland and its parent company Finmeccanica in Italy on Wednesday. This comes a day after visiting British Prime Minister David Cameron said that the UK needs evidence to proceed...