Finmeccanica

  • Defence firms will have to be very watchful now before undertaking to pay bribes: Sanjay Suri February 19, 2013

    CNNIBN's London Correspondent Sanjay Suri joined IBNLive readers for an interaction on the AgustaWestland chopper deal scam. Q. Do you think there is more to the eye than what is visible? Considering the money involved it cannot be only middle men but important politicians. Do you agree that sending the CBI...
  • Chopper deal: Open to a JPC probe, says government February 19, 2013

    New Delhi: Parliamentary Affairs Minister Kamal Nath on Tuesday said that the government was open to a Joint Parliamentary Committee (JPC) probe on the AgustaWestland chopper deal. A Central Bureau of Investigation team on Tuesday reached Milan in Italy to probe the allegations of kickbacks in the Rs 3,600 crore...
  • AgustaWestland's businesses spread across many sectors in India February 19, 2013

    New Delhi: Italian company Finmeccanica's business is not limited to just helicopters. Its subsidiary AgustaWestland has been in India since the 1970s and has presence in many sectors. If the CBI examines the helicopter deal then AgustaWestland's other businesses in India too will come under investigation. Finmeccanica's business is spread over...
  • India deliberately avoiding investigation in the chopper deal: Bhushan February 19, 2013

    New Delhi: As the CBI team leaves for Italy, senior Lawyer and Aam Aadmi Party member Prashant Bhushan told CNNIBN that the Indian government was deliberately avoiding investigations in the tainted AgustaWestland chopper deal and that India can ask Italy and UK for information under the UN treaty against organised...
  • Investigation into chopper deal on at 'many levels': Khurshid February 19, 2013

    New Delhi: Holding that investigation into the Rs 3,600crore VVIP helicopter deal was on at "many levels", India on Monday said Letters Rogatory is the "best and strongest method" available to it for seeking details from Italian courts on the case. External Affairs Minister Salman Khurshid also said a CBI...
  • Chopper deal: Ready for any discussion in Parl, says PM February 19, 2013

    New Delhi, Feb 18 (IANS) The government was "ready for any discussion" including the VVIP chopper deal in Parliament, Prime Minister Manmohan Singh said Monday as the BJP signalled it would raise the issue forcefully in the budget session beginning February 21. A team of CBI and defence ministry officials left...
  • Will we ever know the real beneficiaries in the AgustaWestland case? February 18, 2013

    Italian probe reports say that Christian Michel got 60 per cent of the Rs 350 crore kickbacks. However, he has not been questioned even once. ...
  • The Last Word: Will chopper deal lead to another setback for defence procurement programme? February 18, 2013

    The government is noncommittal on axing the AgustaWestland deal. While External Affairs Minister Salman Khurshid said the showcause notice was just the first step, he indicated the government may not go all the way. ...
  • Reveal names of journalists on Orsi's payroll: Italian lawmaker February 18, 2013

    New Delhi: In the wake of corruption allegations against Finmeccanica, an Italian lawmaker has reportedly asked Prime Minister Mario Monti to reveal the names of journalists and media workers on the payroll of former CEO of the defence firm Giuseppe Orsi. Senator Raffaele Lauro, a member of the Italian Finance...
  • News 360: Business empire of chopper deal key middleman Christian Michel unravelled February 18, 2013

    Christian Michel is said to be the key link in the tainted AgustaWestland chopper deal. ...
  • Chopper deal key middleman Christian Michel yet to be quizzed February 18, 2013

    New Delhi: Christian Michel is allegedly the most important link in the tainted AgustaWestland chopper deal. According to the Italian probe report, he was the beneficiary of 60 per cent of Rs 350 crore kickbacks, which means he got Rs 210 crore. He was the one who, according to the...
  • Chopper deal: Former Finmeccanica CEO applies for bail February 18, 2013

    Rome: Former Finmeccanica CEO Giuseppe Orsi has reportedly applied for bail. His lawyer Ennio Amodio told CNNIBN that he is currently in talks with the prosecution over the matter. Orsi was arrested following investigations into the tainted AgustaWestland chopper deal with India. He was suspected of involvement in the payment...
  • Italian chopper deal: PM says govt has nothing to hide February 18, 2013

    New Delhi: In his first public comments on the tainted Rs 3600 crore Italian chopper deal, Prime Minister Manmohan Singh said the government has nothing to hide while adding that the government is ready to discuss everything at a Parliamentary forum on the chopper deal. "Parliament is the forum to...
  • British PM David Cameron arrives on threeday India visit February 18, 2013

    Mumbai: British Prime Minister David Cameron arrived here this morning on a threeday India visit during which he will meet captains of industry and hold talks with top leaders who are likely to seek more information on the VVIP helicopters scam involving an AngloItalian firm. Cameron is likely to be pressed...
  • Chopper deal: Italian secrecy a problem, says Khurshid February 18, 2013

    New Delhi: With a CBI team is set to leave for Italy on Monday to investigate the Rs 3,600 crore AgustaWestland helicopter deal, the Indian government is still keeping silence on the details of the case, and the only information making rounds is the one revealed by the Italian probe...
  • Tainted chopper deal: CBI engages lawyer in Italy February 17, 2013

    New Delhi: The CBI has engaged a lawyer in Italy to represent India's case with the Italian government and the local courts to find out the role of Indians in the alleged kickbacks in the Rs 3,600 crore VVIP helicopter deal. Official sources said on Sunday that the assistance of...
  • Chopper deal: Probe must begin from Sanjeev Tyagi, says BJP February 17, 2013

    The BJP is now asking that if the Tyagis are speaking the truth, then who got the kickbacks. ...
  • Govt must do its own investigation in kickbacks in chopper deal: BJP February 17, 2013

    The Bharatiya Janata Party on Sunday demanded to know that if the Tyagis are speaking the truth, who got the kickbacks in the Rs 3600 crore VVIP Italian chopper deal? "For all you know, Tyagi is telling the truth. The government must do its own investigation," BJP spokesperson Meenakshi Lekhi...
  • Chopper deal: Middleman's father was close to Cong in 1990s February 17, 2013

    New Delhi: The mysterious middleman, Christian Michel, named in the Italian report on the alleged corrupt chopper deal with India, seems to be the key to the Italian defence company AgustaWestland deal payoffs. CNNIBN has discovered that his father had huge business interests in India and was very close to...
  • TWTW: Cyrus Broacha takes on tainted chopper deal February 17, 2013

    Financial irregularities have been suspected in the AgustaWestland VVIP chopper deal between Ministry of Defence and Italian defence firm, Finmeccanica. The European reports have alleged that Rs 362 crore kickbacks was paid between year 2005 and 2011 during the UPA regime. ...
  • Chopper deal: CBI team to visit Italy tomorrow February 17, 2013

    New Delhi: A Central Bureau of Investigation (CBI) team is set to leave for Italy on Monday to investigate whether firms were floated in India just to route kickbacks in the Rs 3600 crore VVIP chopper deal with Italian defence company AgustaWestland. Official sources said the departure of the team...
  • Chopper deal: CBI team to visit Italy today February 17, 2013

    New Delhi: A Central Bureau of Investigation (CBI) team is set to leave for Italy on Sunday to investigate whether firms were floated in India just to route kickbacks in the Rs 3600 crore VVIP chopper deal with Italian defence company AgustaWestland. Official sources said the departure of the team...
  • AgustaWestland chopper deal: Italy may share probe documents with India later, say sources February 16, 2013

    The Italian court on Saturday had refused to share its probe documents with India. ...
  • India @ 9 with Bhupendra Chaubey February 16, 2013

    Sanjeev Tyagi, the cousin of former air chief SP Tyagi, has refuted allegations of his involvement in the tainted chopper deal. ...
  • AgustaWestland chopper deal: Who got the kickbacks? February 16, 2013

    Sanjeev Tyagi, the cousin of former air chief SP Tyagi, has refuted allegations that he and his brother received kickbacks in the deal. ...
  • Chopper deal: Italy refuses to share probe documents with India January 21, 2014

    New Delhi: In a major setback to the Indian team investigating the tainted AgustaWestland chopper deal, the Italian court on Saturday refused to share its proberelated documents saying it couldn't share evidence. Earlier, Minister of External Affairs Salman Khurshid had said that India was trying to get access to the...
  • I suspect that political big wigs in both big parties are involved in defence deals: Mohan Guruswamy February 15, 2013

    Distinguished fellow at ORF Mohan Guruswamy joined IBNLive readers for an interaction on the AgustaWestland chopper deal bribery allegations. Q. The issue came up first a year ago. Why did the "then Defence Minister" Mr. AK Antony take so long to order a probe? Asked by: deepak krishnamurthy A. Anthony always takes...
  • President can only be questioned: Prashant Bhushan February 15, 2013

    Prashant Bhushan said that President Pranab Mukherjee and the governors accused in the AgustaWestland deal face immunity but can definitely be questioned by the CBI. ...
  • Italian PM assures 'correct governance' of Finmeccanica February 15, 2013

    Rome: Italian Prime Minister Mario Monti has said that his government would guarantee the "correct governance" of statecontrolled defence firm Finmeccanica following arrest of its chief executive on corruption charges in the Rs 3,600 crore VVIP helicopter deal with India. "The government was able to intervene with some measures to guarantee...
  • Bribes necessary part of business, says Berlusconi February 15, 2013

    London: Defending Finmeccanica SpA's jailed exchief executive officer Giuseppe Orsi, Italy's threetime former Prime Minister Silvio Berlusconi today said bribes are a necessary part of doing business globally. "Bribes are a phenomenon that exists and it's useless to deny the existence of these necessary situations," Berlusconi said in a televised interview. ...