Search This Blog

Wednesday, August 27, 2014

Chopper Scam: Italian Firm Barred from Future Defence Contracts, But Will Continue Current Deals

Future INS VikrantIndia will continue to buy weapon systems and hardware from Italian defence equipment firm Finmeccannica, which, along with its subsidiaries, has been accused of paying huge kickbacks to clinch a Rs. 3650-crore defence deal to supply VVIP helicopters.

But the defence ministry has clarified that Finmeccannica won't be considered for any new projects or acquisitions.

The 12 helicopters, meant to ferry VVIPs like the Prime Minister and the President, were made by Britain-based company AugustaWestland, a subsidiary of Finmeccannica. India had put on hold all purchases from the Italian firm in the wake of the alleged scam.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.