VVIP chopper deal: Italy shelves probe, India's stand unchanged

July 30, 2014 11:21

Italy's Finmeccanica has reached an agreement with prosecutors to settle legal proceedings over a high-profile helicopter contract between one of its units and India, adding this did not equal an acknowledgment of any wrongdoing.

Sources in India said the latest developments in Italy will not impact the CBI's investigation into allegations that bribes were paid by the manufacturers to land the deal, reportedly by ensuring that technical criteria were changed to ensure that Finmeccanica unit AgustaWestland qualified for the contract.

India cancelled the Rs. 3,600-crore order with AgustaWestland for 12 top-end helicopters in January, citing a breach of integrity relating to alleged corruption. Read more

« Back to LIVE

TOP STORIES

Meet Baldev Kumar from Punjab, first outsider to contest J-K LS polls

The abrogation of Article 370 in August 2019 paved the way for outsiders to contest polls in the Union Territory.

IPL PIX: Rahul, de Kock power LSG to easy win over CSK

Openers KL Rahul and Quinton de Kock hit fifties as LSG trounced CSK by eight wickets.

Phase 1 sees nearly 63% polling amid stray incidents of violence

"The voting percentage is likely to go upwards when reports from all polling stations are obtained as polling is scheduled till 6 pm in many constituencies. Final figures will be known on Saturday after the scrutiny of form 17A," the EC...

Manipur records 68% polling marred by violence, firing, booth capturing

At Thamnapokpi under Moirang constituency in Bishnupur district, armed men fired several rounds in the air near a polling booth prompting voters to flee, police said on Friday, adding additional security personnel were rushed to the spot...

Air India to soon have new crew management system

Air India will soon have a new crew management system that will help strengthen rostering rules and enable faster recovery from scheduled disruptions. In a message to the staff on Friday, Air India CEO and MD Campbell Wilson said that...