Today's News of India
States :
Andhra Pradesh      Bihar      Chhattisgarh      Goa      Gujarat      Haryana      Himachal Pradesh      Jammu and Kashmir      Jharkhand      Karnataka      Kerala      Madhya Pradesh      Maharashtra      Northeast      Orissa      Punjab      Rajasthan      Tamil Nadu      Uttar Pradesh      Uttarakhand      West Bengal     
City :
Ahmedabad      Bangalore      Chandigarh      Chennai      Delhi      Hyderabad      Jaipur      Kolkata      Lucknow      Mumbai      Patna      Pune      Surat     
Cricket:
     Live Scores    Upcoming Matches    Today's Cricket Matches     Pak vs Aus    Ind vs WI    ICC Ranking    Cricket Series     Sports :    Football     Tennis

World Snap > Business > India cancels AgustaWestland chopper deal

India cancels AgustaWestland chopper deal

  • January 1, 2014 18:37:34 IST

    New Delhi : India Wednesday terminated the Rs.3,600 crore deal with AgustaWestland for the purchase of 12 VVIP choppers over allegations of kickbacks having been paid to fix the deal.

    View Full Image

    In a statement, the defence ministry said: “The government of India has terminated with immediate effect the agreement that was signed with Mssrs AgustaWestland International Ltd. (AWIL) on Feb 8, 2010, for supply of 12 VVIP/VIP helicopters on grounds of breach of pre-contract integrity pact and the agreement by AWIL.”

    “Based on the opinion received earlier from the attorney general of India, it has been the view of the government that integrity related issues are not subject to arbitrations. However, AWIL has since pressed for arbitration and appointed an arbiter from its side. In view of this, the MOD (ministry of defence) sought afresh the opinion of the attorney general. With a view to safeguard the interest of the government, the MOD has nominated Justice B.P. Jeevan Reddy as its arbitrator.”

    The cancellation comes more than a year after media reports that two top officials of the company had allegedly paid bribes to bag the contract.

    Be smart. Keep updated with latest news.!!! Get all top news with summary in your email (only once in a day).
    Enter your EmailId :

    Do you like this story? Do thumb up here.

    No Comments

      (Required)
      (Required, will not be published)



      Author : , Section : Business, Featured, India, Top News, TAGS :

    Are you news lover?

    Be smart. Keep updated with latest news.!!! Get all top news with summary in your email (only once in a day). Enter your EmailId :