Finmeccanica says ready to cooperate

Italian firm Finmeccanica said on Tuesday that it is ready to cooperate fully with Indian authorities and has always "complied with Indian law".

In its statement, the company said: "Finmeccanica is ready to cooperate with the Indian authorities in order to clarify the matter and will collaborate in accordance with international procedures applicable to an investigation of this kind."

The company said it has operated for many years in India and has always complied "fully with Indian law and the ethics principles of the group".

"Finmeccanica highlights that it has acted correctly throughout the 40 years it has operated in India, one of the most strategically important markets for the entire group," it said. "AgustaWestland will demonstrate that it has fully complied with Indian law," it added.

The company has till Friday to respond to the seven-day notice that has been sent by the Indian government in what it said was the beginning of a process to terminate the VVIP chopper contract.

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