Finmeccanica Blacklist

Defence firms that have committed corruption-related offences will face action under a proposed blacklisting policy but the government will not hesitate to buy a product from another company even if any equipment or software manufactured by the blacklisted entity was embedded into it.

The government has decided to cancel all ongoing tenders for defence equipment won by Italy's Finmeccanica as a precursor to blacklisting of the firm which is being investigated for bribery in the AgustaWestland VVIP chopper deal.

Contesting Congress leader AK Antony's claim that Italian company Finmeccanica, the parent company of AgustaWestland Helicopters, was blacklisted during the UPA's tenure, Finance Minister Arun Jaitley said that the former defence minister appears to have suffered "a memory loss".

Sharpening the attack on Congress on the AgustaWestland chopper deal, Union Finance Minister Arun Jaitely today said the theory that the company was blacklisted during the UPA rule and it was lifted by NDA was a "figment of imagination".

Amid the row over the VVIP chopper scam, the government has said it will seek a report from the CBI regarding the deal, and initiate the move to blacklist AgustaWestland and its parent company Finmeccanica.

With the VVIP choppers deal facing charges of kickbacks, government today formally asked Italian firm Finmeccanica to state whether any money was illegally paid to any Indian entity or individual amidst its warning of legal action including blacklisting of the firm.

India will cancel a deal to buy 12 helicopters from Italian defence giant Finmeccanica if allegations of bribery are proven against the company, Defence Minister AK Antony said. "If anybody is guilty, they will have to pay the price... no one will be spared," Mr Antony said of the 4,000-crore deal which was signed in 2010 and will now be investigat...

Defence firms that have committed corruption-related offences will face action under a proposed blacklisting policy but the government will not hesitate to buy a product from another company even if any equipment or software manufactured by the blacklisted entity was embedded into it.

The government has decided to cancel all ongoing tenders for defence equipment won by Italy's Finmeccanica as a precursor to blacklisting of the firm which is being investigated for bribery in the AgustaWestland VVIP chopper deal.

Contesting Congress leader AK Antony's claim that Italian company Finmeccanica, the parent company of AgustaWestland Helicopters, was blacklisted during the UPA's tenure, Finance Minister Arun Jaitley said that the former defence minister appears to have suffered "a memory loss".

Sharpening the attack on Congress on the AgustaWestland chopper deal, Union Finance Minister Arun Jaitely today said the theory that the company was blacklisted during the UPA rule and it was lifted by NDA was a "figment of imagination".

Amid the row over the VVIP chopper scam, the government has said it will seek a report from the CBI regarding the deal, and initiate the move to blacklist AgustaWestland and its parent company Finmeccanica.

With the VVIP choppers deal facing charges of kickbacks, government today formally asked Italian firm Finmeccanica to state whether any money was illegally paid to any Indian entity or individual amidst its warning of legal action including blacklisting of the firm.

India will cancel a deal to buy 12 helicopters from Italian defence giant Finmeccanica if allegations of bribery are proven against the company, Defence Minister AK Antony said. "If anybody is guilty, they will have to pay the price... no one will be spared," Mr Antony said of the 4,000-crore deal which was signed in 2010 and will now be investigat...