NEW DELHI and LONDON — The Indian defense ministry has threatened to carry out the “strongest action” if Finmeccanica acted corruptly in the sale of helicopters to the Indian air force (IAF). The move follows the arrest in Italy of Finmeccanica chairman and CEO Giuseppe Orsi on Feb. 12 by investigators exploring whether AgustaWestland paid kickbacks worth around €50 million ($67 million) to secure the sale of 12 AW101 VIP helicopters to the IAF in 2010, when Orsi was in charge of ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "India Threatens Blacklist Of Finmeccanica As Probe Unfolds".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.