VVIP choppers deal: India working to claim Rs 5,470 cr from AgustaWestland

Last Updated: Friday, January 10, 2014, 19:42

Having scrapped the deal for 12 VVIP choppers with AgustaWestland, India is working on procedures to claim more than 650 million euros (about Rs 5,470 crore) from the company in the form of seizure of bank guarantees and imposing penalties.

VVIP chopper deal: CBI questions Guido Haschke

Last Updated: Thursday, January 9, 2014, 22:33

A team of CBI officials on Thursday questioned European middleman Guido Haschke inside an Italian court in Milan.

VVIP chopper deal: CBI likely to question middleman today

Last Updated: Thursday, January 9, 2014, 07:26

A team of Central Bureau if Investigation (CBI) officials on Thursday are likely to grill European middleman Guido Haschke in connection with alleged bribery scandal to clinch Rs 3,600 crore VVIP chopper deal in favour of AgustaWestland.

Will pursue all remedies: Agusta on chopper deal issue

Last Updated: Tuesday, January 7, 2014, 21:12

AgustaWestland on Tuesday said it will "pursue all remedies including legal options" to protect its interests amid India`s moves to encash bank guarantees worth over Rs 2,000 crore furnished by it in the chopper deal.

VVIP chopper deal: CBI to question Guido Haschke

Last Updated: Tuesday, January 7, 2014, 20:54

Haschke is one of the 13 accused named in the FIR filed by CBI.

CBI books Brigadier in a case offshoot of VVIP chopper deal scam

Last Updated: Saturday, January 4, 2014, 20:51

In an off-shoot of VVIP helicopter deal scam, CBI on Saturday registered a case against a Brigadier working with Army Aviation Corps for allegedly fudging trial flight records of the copters.

UK endorses AgustaWestland after India scraps major deal

Last Updated: Friday, January 3, 2014, 21:24

The UK has distanced itself from the controversy around India`s cancellation of its Rs 3,600 crore deal with AgustaWestland for 12 VVIP choppers even as it endorsed the Anglo-Italian firm`s credentials.

Contract termination notice without firm basis for action: Agusta

Last Updated: Friday, January 3, 2014, 11:00

After India scrapped its Rs 3,600 crore deal for supplying VVIP choppers, Anglo-Italian firm AgustaWestland today said the contract termination notice sent to it does not offer any firm basis for taking any action against it.

AgustaWestland warns of job cuts as India scraps deal

Last Updated: Friday, January 3, 2014, 06:44

Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed a decision by the Indian government to take part in an arbitration process over a $770 million helicopter deal, but warned of possible job cuts.

BJP demands thorough probe into scrapped AgustaWestland deal

Last Updated: Thursday, January 2, 2014, 20:44

BJP demanded a thorough probe into the scrapped AgustaWestland chopper deal to find out the money trail and the beneficiaries.

After scrapping deal, India set for arbitration process with Agusta

Last Updated: Thursday, January 2, 2014, 19:55

India is now set to face the arbitration process invoked by the Anglo-Indian company besides initiating the process of encashing the bank guarantee of Rs 2200 crore furnished by the firm.

UK defends AgustaWestland after India scraps deal

Last Updated: Thursday, January 2, 2014, 18:53

The UK on Thursday defended Anglo-Italian firm AgustaWestland, saying time should have been given to establish the veracity of the bribery allegations before any action is taken.