AgustaWestland chopper deal: The mysterious ways of Christian Michel and his father in India

Deal

DETAILED STORY HERE: Middleman Michel had commission pact with Dassault as well for IAF's Mirages

A French court, that arbitrated a dispute between Michel (who owned Panama-based company Keyser) and Dassault after the former pressed charges for non payments, details the commission deal in its judgement. Excerpts here:

''French companies Dassault INTERNATIONAL THOMSON-CSF and SNECMA signed on 24 September 1996, with the company of Panamanian law KEYSER Inc.. Contracts under which KEYSER was attending Dassault and other companies in the promotion for the sale of mirages 2000 the Government of India. This contract was renewed twice by amendments to dates of 30 June 1997 and 10 July 1998. The contract with the Government of India for the supply of 10 Mirage 2000 for a price of 346 913 300, occurred on 19 September 2000. By letter of 13 November 2000, Dassault KEYSER sent an invoice 1,656,111.70 corresponding to a commission of 2.5% on the first deposit received from the Government of India for an amount of 56,832,710. KEYSER who have not received the payment of this bill introduced this proceeding."

(DASSAULT IS CURRENTLY IN ADVANCED NEGOTIATIONS FOR SELLING THE RAFAEL FIGHTERS TO INDIA FOR ESTIMATED USD 20 billion)

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