Indian helicopter deal sparks corruption row in Italy
- CBI sought part RTI exemption, Govt gave it full
- Screen Awards: Milkha, Ram-Leela and Madras Cafe dominate
- DGCA seeks fresh public objections after clearing AirAsia for take-off
- Delhi: 51-year-old Danish national alleges gangrape, 15 detained for questioning
- I wonder if I will be able to ever reunite with my husband, my kids. I miss them: Devyani
A probe by Italian prosecutors into allegations of corruption against state-backed defence major Finmeccanica has cast a shadow over a multi-million dollar deal that the company signed with India for 12 VVIP helicopters.
The Italian attorney general's office began a probe last year into alleged unethical dealings by the company, which has now widened to include the Rs 3,546-crore contract with India, reports from Italy say. Finmeccanica subsidiary Augusta Westland signed the deal with the Indian Air Force in 2010.
La Repubblica reported that the deal is being investigated, and that a senior company official, Lorenzo Borgogni, has told prosecutors that slush funds were generated after a "sudden" escalation of price by 10 million euros in 2010.
While it is not clear whether kickbacks were paid in India, the money was allegedly used by a top Finmeccanica official to bribe Italian political parties.
Augusta Westland is one of Finmeccanica's most profitable subsidiaries. Another subsidiary, Selex Sistemi Integrati, which is also under investigation, recently won a 10 million-euro contract to supply radars and other equipment for India's first indigenous aircraft carrier under construction in Kochi.
Augusta Westland won the contract for the choppers — to be used by the President, Prime Minister and other top government functionaries — after its AW 101 edged out Sikorsky's S-92 Superhawk.
- Live: Kejriwal does a U turn, urges people to come in largeÂ numbers
- Women competent enough, they need opportunities, saysÂ Rahul
- â€˜Modi has a majoritarian, authoritarian attitudeâ€¦ such a policy and style of govt would be a disaster for thisÂ countryâ€™
- â€˜Narmada water not reaching farmers for want of minor canalsâ€™ | The Indian Express