India investigating kickbacks in Finmeccanica deal - defence ministry source
NEW DELHI (Reuters) - India is investigating the payment of kickbacks linked to the purchase of a dozen helicopters from Italian state-controlled defence group Finmeccanica(SIFI.MI) and could put off the deal, an Indian Defence Ministry official said.
The official, who asked not to be named because of the sensitivity of the information, said 40 million rupee kickbacks were under investigation by Indian law enforcement agencies.
(Reporting by Manoj Kumar; Writing by Frank Jack Daniel, editing by Ross Colvin)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Surprise Rate Cut
The Reserve Bank of India (RBI) lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy. Full Article