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Wednesday, February 29, 2012

India To Probe Helo Contract With Italy

[AW101 helicopter]India’s agreement to purchase 12 helicopters from Italy is likely to be investigated in India after reports from Rome suggested irregularities in the contract. The Italian defense firm, however, has denied the allegations.

Reports in Italian daily newspaper la Repubblica suggest prosecutors have started checking into allegations of corruption against state-backed major defense contractor Finmeccanica’s dealings, including the 35.46 billion rupee ($720 million) contract with India.

Indian Defense Minister A.K. Antony, concerned over the reports, has ordered an inquiry into whether corruption was involved in the procurement of the helicopters from Finmeccanica subsidiary AgustaWestland, a senior defense ministry official said over the weekend.

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