FINMECCANICA

  • AgustaWestland scam: IAF ex-chief SP Tyagi hails Italian court order, says the Indian system failed him October 16, 2014

    New Delhi: Air Chief Marshal SP Tyagi, former Indian Air Force Chief and accused in the multicrore AgustaWestland chopper scam, has finally spoken out. In an exclusive interview to CNN-IBN on Thursday, just days after an Italian court ruled that there was no corruption from the Indian side in the...
  • AgustaWestland scam: CBI, ED probe takes a hit as Italian court acquits Finmeccanica ex-chief Orsi October 14, 2014

    New Delhi: The Italian court order which absolved former Finmeccanica chief Giuseppe Orsi and former AgustaWestland head Spagnolini Bruno of corruption charges in the multicrore VVIP chopper scam involving top defence officials in India has been accessed by CNN-IBN. The court order stated that the duo was being absolved as the...
  • Bullet News: Catch the day's top stories October 9, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay October 9, 2014

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: India warns Pakistan, says stop firing or pay the price October 9, 2014

    Putting forth a firm stance, Defence Minister Arun Jaitley in a strong warning said that if Pakistan does not stop the unprovoked firing, it will have to pay a heavy price. "If Pakistan persists with adventurism, Indian forces will make the cost of this adventurism unaffordable for them," Jaitley said. ...
  • AgustaWestland scam: Former Finmeccanica head Giuseppe Orsi guilty of falsifying invoices, cleared of corruption charges October 9, 2014

    New Delhi: An Italian court on Thursday acquitted Giuseppe Orsi, the former chairman of Italian defence giant Finmeccanica, of corruption charges in the multicrore AgustaWestland scam. Orsi was accused of paying bribes to get the $734 million Agusta chopper deal from India. India cancelled the deal after charges were filed against...
  • Barred by the Defence Ministry, Finmeccanica figures in Modi's 'Make-in-India' list September 25, 2014

    New Delhi: VVIP chopper scam-tainted Italian firm Finmeccannica, which was recently barred from doing business in future with the Defence Ministry, has been listed as one of the investors in the defence sector in 'Make in India' project. The 'Make in India' website, created for the campaign, listed Finmeccannica along with...
  • India nears $2.5 billion deal for Boeing military helicopters August 31, 2014

    New Delhi: India has decided to acquire Boeing's Chinook and Apache helicopters, a defence ministry official said on Saturday, in a deal valued at $2.5 billion that could ease strained ties between New Delhi and Washington. The new nationalistled government of Prime Minister Narendra Modi has grand plans to vastly strengthen...
  • Government bars Finmeccanica from future deals: Sources August 26, 2014

    New Delhi: The government of India has barred Italian arms manufacturing firm Finmeccanica from any future tenders in the wake of scam charges, but has allowed it to carry on its ongoing deals in the country, sources said on Tuesday. Finmeccanica was at the heart of the multicrore AgustaWestland chopper scam...
  • Centre allows Finmeccanica, Agusta Westland to do business in India albeit in a limited capacity August 23, 2014

    New Delhi: The Narendra Modi government has allowed Finmeccanica and Agusta Westland to do business with India but in a limited capacity. The Defence Ministry has allowed Finmeccanica to remain in contention in single bid deals; meaning where the company is a lone bidder. Finmeccanica will deal in spare parts and...
  • Government puts deals worth Rs 30,000 crore with Finmeccanica on hold August 6, 2014

    New Delhi: The government has put all dealings with Italian firm Finmeccanica on hold. A circular says that all procurements with Finmeccanica and its affiliates have been suspended. The move comes after Finmeccanica settled the AgustaWestland VVIP chopper deal case in Italy. The Indian government move means arms deals worth...
  • Defence deals with Finmeccanica put on hold August 5, 2014

    New Delhi: All deals in pipeline with Italian conglomerate Finmeccanica, whose British subsidiary AgustaWestland is facing probe in the VVIP chopper deal, have been put on hold till further orders, officials said on Tuesday. Sources said circulars have been issued by the defence ministry that all procurements and acquisition cases in...
  • Finmeccanica settles with Italy prosecutors to end VVIP chopper deal probe July 29, 2014

    Milan: AgustaWestland's parent company Finmeccanica says it has reached a agreement with Italian prosecutors to settle legal proceedings over the the VVIP chopper deal in India, adding this did not equal an acknowledgment of any wrongdoing. India had cancelled the Rs 3,700 crore order with Finmeccanica unit AgustaWestland for 12 topend...
  • 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 560millioneuro 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 exChief, 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 precontract 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 3600crore 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 18, 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 exCEO Giuseppe Orsi's trial begins June 19, 2013

    Milan: Months after the shocking revelations of the AgustaWestland bribery case, Finmeccanica exCEO 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 pretrial 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 exCEO of the Italian statecontrolled 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, AngloItalian 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...