India says will act against Finmeccanica if bribe charges proved
NEW DELHI (Reuters) - India will take "suitable action" against Finmeccanica (SIFI.MI) if graft allegations are proven true, a defence ministry official said, after the company's head was arrested in Italy in an investigation of the sale of helicopters to India.
Italian police arrested Finmeccanica's chief executive Giuseppe Orsi on Tuesday for alleged bribes paid to secure the sale of 12 AgustaWestland executive helicopters to the Indian Air Force, when he was head of the Finmeccanica helicopter unit.
"We will go to the root of the problem. If charges of bribery are proved, suitable action will be taken," said the official, who declined to be named because of the sensitivity of the matter.
The source added that under Indian defence procurement rules, companies involved in corruption can be punished with blacklisting and fines. (Reporting by Manoj Kumar and Nigam Prusty; Writing by Arup Roychoudhury)
- Tweet this
- Share this
- Digg this
- Google launches new email service dubbed "Inbox"
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria - monitor
- Lax security in focus after attack at Canada's parliament
- India hope to get boxer Sarita Devi's suspension reversed
- Apple CEO says to add 25 stores in China within two years - Sina
A gunman attacked Canada's parliament on Wednesday, with shots fired near where Prime Minister Stephen Harper was speaking, and a soldier was killed at a nearby war memorial, stunning the Canadian capital. Full Article | Main Story
Bilawal, scion of Pakistan's Bhutto dynasty, throws down gauntlet to PM. Full Article