Finmeccanica

  • India aims to recover 228 million euros in Finmeccanica bank guarantees May 26, 2014

    New Delhi: India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica, the defence ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks. New Delhi scrapped the deal with Finmeccanica's AgustaWestland unit in January, after graft allegations...
  • AgustaWestland scam: Another Air ex-Chief, Fali Major, named in probe February 7, 2014

    New Delhi: The AgustaWestland VVIP chopper scam took a new turn as the name of another former Air Chief Fali Major cropped up during investigations. Finmeccanica lawyers mentioned him in an Italian court saying he had reportedly accepted the company's hospitality while on a trip to Italy in 2007. Major...
  • Chopper deal: After SP Tyagi, former IAF chief Fali Homi Major in the dock February 7, 2014

    New Delhi: In a case that is bound to bring the Indian Air Force back in the news for wrong reasons yet again, former IAF chief Air Chief Marshal Fali Homi Major has been named in the infamous, AgustaWestland VVIP chopper scam even as the allegations against former IAF chief...
  • Defence Ministry to keep out Finmeccanica group from military show January 24, 2014

    After scrapping the Rs 3,600 crore chopper contract, Defence Ministry on Friday said it is ousting AgustaWestland's parent company Finmeccannica from the biennial military exhibition DefExpo starting February 6. The step comes after India scrapped the contract on January 1 after finding that AgustaWestland allegedly breached the pre-contract integrity pact (PCIP)...
  • AgustaWestland deal: CBI questions middleman Guido Haschke January 9, 2014

    New Delhi: A team of Defence Ministry and CBI officials are questioning middleman Guido Haschke in the Rs 3600-crore AgustaWestland chopper scam in Italy. It is for the first time that CBI officials were part of Haschke's examination. Sources said that Haschke has refused to answer any specific query from the...
  • AgustaWestland scam: CBI to question Guido Haschke in VVIP chopper deal January 7, 2014

    A team of CBI officials is leaving for Milan to question European middleman Guido Haschke who will be produced before an Italian court on January 9 in connection with alleged bribery scandal to clinch Rs 3,600 crore VVIP chopper deal in favour of AgustaWestland. CBI sources said a team led by...
  • Agustawestland deal: Will Haschke's arrest bring more names to light? October 19, 2013

    New Delhi: The AgustaWestland chopper deal is in the news once again after the Swiss authorities arrested a key middleman Guido Haschke on charges of bribery on Friday. The arrest of Haschke is crucial in exposing the Indian link and also establishing the money trail. Guido Haschke is former consultant...
  • VVIP chopper deal: CAG report raises questions on trials abroad June 23, 2013

    New Delhi: The CAG has submitted its report on AgustaWestland chopper deal in which the government auditor is understood to have raised questions over various aspects of the deal, including conduct of trials outside the country despite the Defence Ministry rejecting such a proposal twice. The report prepared by former CAG...
  • Tainted chopper deal: Finmeccanica ex-CEO Giuseppe Orsi's trial begins June 19, 2013

    Milan: Months after the shocking revelations of the AgustaWestland bribery case, Finmeccanica ex-CEO Giuseppe Orsi's trial begins on Wednesday. A CBI team will also be attending the trial in Milan. Orsi and the CEO of its chopper unit Bruno Spagnoli, will go on trial on Wednesday in a Milan court. Orsi...
  • CBI officer to attend AgustaWestland trial in Italy June 17, 2013

    New Delhi: CBI has sent one of its investigating officer along with a Defence Ministry team to Milan for attending trial related to alleged corruption by AgustaWestland and Finmeccanica executives in clinching the VVIP helicopter supply contract. The Italian agencies are probing allegations of corrupt practices against top executives of...
  • India made a party in VVIP chopper scam trial June 5, 2013

    New Delhi: India has been made a party in the VVIP chopper scam trial in Italy which is expected to begin in the third week of June there. The Indian side is in the process of hiring a law firm there to present its case in the Italian trial procedures,...
  • Chopper deal: CBI gets phone transcripts from Italy May 13, 2013

    New Delhi: The Central Bureau of Investigation (CBI) on Monday got transcripts of phone conversations between alleged middlemen from Italy. The transcripts are related to phone conversations between alleged middlemen and officials of a Defence firm, in which the Italian government has 30 per cent stake. The transcripts of the telephone...
  • VVIP chopper deal: CBI to get phone transcripts from Italy May 9, 2013

    New Delhi: CBI is likely to get transcripts of phone conversations of Italian middlemen allegedly involved in the VVIP helicopter deal, intercepted by law enforcement authorities following court orders in the European country. CBI sources said the documents would be received by the Defence Ministry and later, handed over to the...
  • VVIP chopper deal: Former Finmeccanica chief released from jail May 5, 2013

    Milan: The former CEO of the Italian defense giant Finmeccanica was released on Saturday from jail pending his trial on corruption charges in June. Giuseppe Orsi, who was held for some 80 days in pre-trial detention, faces charges for his alleged involvement in the payment of bribes to secure a 560...
  • Italy: Trial in VVIP chopper scam to begin from June 19 May 3, 2013

    Rome: The 'instant trial' in Rome against ex-CEO of the Italian state-controlled defence giant Finmeccanica, Giuseppe Orsi and the CEO of its helicopter unit AgustaWestland, Bruno Spagnoli for alleged kickbacks in the Rs 3,600 crore VVIP chopper deal with India will begin on June 19. A judge in the northern Italian...
  • AgustaWestland seeks time from Centre to discuss chopper deal May 1, 2013

    New Delhi: Facing a CBI probe for its alleged role in the payments of kickbacks in the VVIP chopper deal, Anglo-Italian AgustaWestland on Tuesday said it has sought time from the Defence Ministry to discuss its contract with India. "AgustaWestland International Ltd (as the formal 'seller') has formally sought bilateral discussions...
  • Italy prosecutors aim to hasten Finmeccanica trial April 29, 2013

    Milan: Italian prosecutors investigating allegations of corruption by Finmeccanica in the sale of 12 helicopters to India believe their evidence is strong enough to warrant an urgent trial without preliminary proceedings, a legal source with direct knowledge of the situation said. Prosecutors in the city of Busto Arsizio will ask a...
  • 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 Anglo-Italian 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 CNN-IBN, 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 million-euro 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 January 21, 2014

    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 12, 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...