AgustaWestland: Deal nearly died as bribe demanded was huge; Haschke 'used' to get Tyagi family goodwill

AugustaWestland

THE CONSPIRACY AND FALLOUT

Pages 16-18

In his detailed confession, Haschke says the commission deal with Agusta was struck in the guise of fake engineering contracts. A total commission of Euro 20 million was decided in his favour, a part of which he would transfer to the Tyagi brothers in India.

QUOTE FROM ITALIAN REPORT: ''The agreement was made as an engineering contract equal to 5% of the order. The real cost was of 1.5% while the rest was actually the commission for me and GEROSA, to be shared with the Indians in the following way: 60% to the TYAGI family and 40% between me and Gerosa. The contract signed in Cascina Costa on 03.01.2007 between AW spa and IDS INFOTECH Limited which we are calling contract but which was actually a letter of intent signed by SPAGNOLINI was followed by the contract signed on 01.08.2007 between the same companies. This contract was replaced on 31.10.2008 with a contract between AW spa and IDS Tunisia through HEDI Kamoun, which is actually an empty box.''

Indian Express story here

However, the two middlemen had a major fallout in 2011 after the Italian chopper manufacturer said it will not be able to pay such a huge amount of bribe. Out of this dispute is born a crucial piece of evidence in the Italian investigation report -- an agreement that was allegedly drawn up by the two key middlemen in Dubai to settle the dispute that had threatened to end their contract with Finmeccanica.

The agreement, a copy of which was seized from a house in Switzerland and is cited in the report as a major piece of evidence, discussed how a total of 52 million euros would be divided between Guido Haschke and Christian Michel. The letter says that Michel agreed to take a 12 million-Euro cut in his commission to accommodate the demand of Haschke and "the family". It is, however, not specified in the letter what "the family" alludes to.

... contd.

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