The Central Bureau of Investigation (CBI) said that it would go ahead with its probe into a scrapped helicopter contract with Finmeccanica on Wednesday, a day after prosecutors in Italy agreed to settle legal proceedings against the defense group.
Kanchan Prasad, a spokeswoman for CBI, told Reuters the development in Italy did not affect India's probe of the deal.
"Why should it change?" she said. The investigation was "at an advanced stage, that's all that I can say".
The CBI is investigating allegations of abuse of official power and following money trails from abroad, but charges have not yet been filed, said Prasad.
The Italian Prosecutor has discontinued investigations relating to the 12 AW101 VVIP helicopter contract signed with the Indian ministry of Defense in 2010, Finmeccanica said in a press release on 29 July. “AgustaWestland together with the Prosecutor, have agreed to apply for a negligible fine, whilst confirming the appropriateness of their internal control systems and specifically their non-involvement in the misconduct alleged by the Prosecutor
The United Kingdom is reportedly considering launching its own investigation against AgustaWestland in connection with the Indian VVIP helicopter deal. According to Exaronews
Indias new Defence Minister Arun Jaitley will review the AgustaWestland chopper deal, according to local media reports. The Directorate General of Acquisition will present a detailed briefing before the Defence Minister on the case where 12 AW-101 VVIP choppers were being procured for the IAF, Defence Ministry officials said Monday
A Milan court on Monday upheld an appeal lodged by Finmeccanica subsidiaries “seeking an emergency interim ruling” on the contract with the Indian MoD to supple 12 AW 101 VVIP helicopters. The Court confirmed the ruling issued last January 8, prohibiting, as a preventive measure, Deutsche Bank S
India's Defence Minister AK Antony has officially announced the scrapping of a VVIP chopper contract, with effect from 1st January, 2014 on grounds that the Anglo-Italian firm AgustaWestland has breached the provisions of the Pre-contract Integrity Pact. Antony stated in a letter to Rajya Sabha that subsequent to the termination of the contract, two Bank Guarantees amounting to $38 Million approximate have been encashed
Finmeccanica today clarified in a statement that it has not received any official communication from any relevant authorities from India regarding the recent media reports on decisions made by the Ministry of Defense pertaining to its existing and future contracts in India. Local media reported Monday that Finmeccanica and its subsidiaries will be allowed to continue doing business in India and will not face blacklisting
Finmeccanica and its subsidiaries will be allowed to continue doing business in India and will not face blacklisting, according to a report published by India Today magazine. The Indian government has placed conditions, which will disallow the company from getting any new order where there is another vendor option, the report said
The Indian Ministry of Defense yesterday confirmed that it would indefinitely put on hold all projects with Finmeccanica and its subsidiaries, although the order has already been in place nearly a month. Defenseworld
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