Chopper deal investigations not to impact AgustaWestland JV: Tatas

Ratan Tata

The Indian government has issued notice to the Italian firm asking it to explain within seven days the bribery allegations. The notice asked the company why the Rs 3,600 crore-deal of 2010 should not be scrapped.

India has already received three of the 12 helicopters and paid up to 30 per cent of the amount.

After the arrest of Finmeccanica CEO Giuseppe Orsi in Milan on Tuesday in connection with the bribery charges, India has put on hold the receipt of the remaining helicopters as well as the rest of the payment.

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