09 April 2016

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VVIP chopper Scam Finmeccanica’s boss jailed for corruption

VVIP chopper Scam AgustaWestland boss jailed for corruption in Italy

Finmeccanica’s former boss jailed for graft in VVIP chopper deal with India

Italian defence and aerospace major Finmeccanica’s former chief Giuseppe Orsi has been sentenced by the Milan appeals court to four-and-a-half years in jail for false accounting and corruption in the sale of 12 VVIP choppers to India for over Rs 3,600 crore.
former CEO of Finmeccanica’s helicopter subsidiary AgustaWestland, Bruno Spagnolini, was also handed a four-year prison term by the court.

As per media reports The sentence, awarded by the Milan appeals court, will facilitate the recovery of the money India paid to AgustaWestland (AWIL) for supply of the 12 choppers

The CBI and the Enforcement Directorate (ED) are still probing the case in which former Indian Air Force Chief S P Tyagi and his cousins are alleged to be the beneficiaries.

The ED has booked Tyagi, his family members, European nationals Carlo Gerosa, Christian Michel and Guido Haschke, four firms — Finmeccanica, AgustaWestland, Chandigarh-based IDS Infotech and Aeromatrix — two companies based in Mauritius and Tunisia, a few other firms and unknown persons as per the CBI’s criminal complaint.

On January 1, 2014, India scrapped the contract with Finmeccanica’s British subsidiary AgustaWestland for supplying 12 AW101 VVIP choppers to the Indian Air Force over alleged breach of contractual obligations and charges of paying kickbacks to the tune of Rs 423 crore by it for securing the deal.

Reality views by sm –

Saturday, April 9, 2016

Tags - VVIP chopper Scam AgustaWestland Bribe Scam


Bikram April 11, 2016  

Will there ever be a DEAL without a scam I wonder