India seeks report on $740 mln Finmeccanica deal

NEW DELHI Wed Apr 25, 2012 5:53pm IST

Visitors look at AgustaWestland model helicopters during Heli-Asia exhibition in Kuala Lumpur October 22, 2002. REUTERS/Zainal Abd Halim/Files

Visitors look at AgustaWestland model helicopters during Heli-Asia exhibition in Kuala Lumpur October 22, 2002.

Credit: Reuters/Zainal Abd Halim/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - India's defence ministry has sought a report from Indian Embassy in Rome on new media reports of alleged foul play in a 560 million euro helicopter deal with Italy's Finmeccanica (SIFI.MI).

"Any such complaint or allegation received will be investigated and the contractual provisions invoked, in case any wrong doing is established, in addition to action that may be required under law," the ministry said in a statement.

Earlier this year, an Indian defence ministry's investigation found no foul play in the purchase of 12 helicopters from Finmeccanica unit AgustaWestland.

Italian prosecutors are investigating Finmeccanica Chief Executive Giuseppe Orsi over allegations of international corruption and money laundering, according to a judicial source familiar with the probe.

Newspapers on Tuesday said searches in Lugano, Switzerland focussed a possible kickback paid to the Northern League political party in Italy as part of a sale of helicopters to India.

"AgustaWestland has not engaged in irregular conduct of any kind, and has not paid commissions of any kind for the sale of AW101 helicopters to the Indian government," Finmeccanica said on Tuesday in response to the media reports.

(Reporting by Anurag Kotoky and Arup Roychoudhury; Editing by Rajesh Pandathil)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Jan Dhan Yojna

Jan Dhan Yojna

Modi: Banking for all to end "financial untouchability".  Full Article 

Tracking Monsoon

Tracking Monsoon

Monsoon forecast to be better for crops next week  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage