NEW DELHI 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)
Trending On Reuters
Reserve Bank of India Governor Raghuram Rajan on Thursday said central bank and government efforts to clean up banks' balance sheets would be successful, and warned analysts against "scare-mongering" about the level of stressed assets in the sector. Full Article