Saturday, February 16, 2013

Italian helicopter manufacturer pays Rs.360 crores as graft to win contract from India.

An amount, around 50 million euros (Rs 362 crore approximately), a 10 per cent of commission as graft has been allegedly given by an Italian helicopter manufacturer AgustaWestland, to win the  contract of India who had to buy12 VVIP helicopters that can ferry President and Prime Minister of India. The Chief Executive Giuseppe Orsi of Finmeccanica sPA,   the Italian parent company of the helicopter group, is under arrest. Strange enough

Chopper deal: India issues show cause notice to AgustaWestland

Last Updated: Friday, February 15, 2013, 17:59
zeenews bureau
New Delhi: India on Friday issued a show cause notice to Italian firm, AgustaWestland, and asked it to file a reply within seven days.

Defence Ministry also issued a fresh request to Italy for information on alleged kickbacks in supply of AgustaWestland's VVIP helicopters, PTI reported.

The agency added that the Defence Ministry has initiated process to scrap the deal for 12 VVIP helicopters.

On Tuesday, the Italian government arrested Finmeccanica CEO Giuseppe Orsi for allegedly paying bribes to fix the chopper deal.

AgustaWestland is a subsidiary company of Finmeccanica.

Italian investigators have named three relatives of former Indian Air Force chief SP Tyagi as beneficiaries of the slush money.

Tyagi has denied any wrongdoing.

One of his cousins accused in the bribery termed the allegations as "baseless".

The three Tyagi brothers -- Julie, Docsa and Sanjeev -- are alleged to have received kickbacks of around Rs 72 lakh from middlemen.

Julie Tyagi claimed he and his two brothers are involved in the power sector as consultants and have never ventured into the defence sector in any way.

The Italian probe report suggests that the former IAF chief had met the middlemen more than six to seven times and allegedly briefed them about the developments in the contract.

With Agency inputs

First Published: Friday, February 15, 2013, 17:47

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