Finmeccanica deal put on hold after bribery arrest: official

NEW DELHI Wed Feb 13, 2013 7:41pm IST

The headquarters of Italian defence and aerospace company Finmeccanica is seen in Rome May 3, 2012. REUTERS/Max Rossi/Files

The headquarters of Italian defence and aerospace company Finmeccanica is seen in Rome May 3, 2012.

Credit: Reuters/Max Rossi/Files

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NEW DELHI (Reuters) - India has suspended payments to Italian defence group Finmeccanica SpA (SIFI.MI) for a $750 million helicopter deal and won't take delivery of more aircraft until the completion of a Central Bureau of Investigation (CBI) probe into bribery allegations, a defence ministry source told Reuters.

(Reporting by Nigam Prusty; Writing by Manoj Kumar; Editing by Frank Jack Daniel)

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Comments (1)
SachiNewDelhi wrote:
Relieved to learn that Antony can “crack the whip” if needed.

@sach_bbsr

Feb 13, 2013 8:55pm IST  --  Report as abuse
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