Finmeccanica http://www.globalpost.com/taxonomy/term/32229/all en http://www.globalpost.com/dispatch/news/afp/130212-20 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chief of Italy's Finmeccanica arrested for India bribery: reports</p> <p>dt/yad</p> Finmeccanica AFP Tue, 12 Feb 2013 09:01:03 +0000 Agence France-Presse 5753330 at http://www.globalpost.com India vows to scrap Italy chopper deal if graft proved http://www.globalpost.com/dispatch/news/afp/130213/india-vows-scrap-italy-chopper-deal-if-graft-proved <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India threatened Wednesday to cancel a deal to purchase 12 helicopters from the Italian firm Finmeccanica if an official inquiry proved the contract worth nearly $750 million was secured through kickbacks.</p> <p>"If we find any evidence of corruption then we will blacklist the company and even cancel the deal," Defence Minister A. K. Antony told reporters in New Delhi.</p> <p>"We don't want to jump the gun... (but) we can get our money back at any stage."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/india-vows-scrap-italy-chopper-deal-if-graft-proved" target="_blank">read more</a></p> Finmeccanica Government Government of India AFP Wed, 13 Feb 2013 10:15:12 +0000 Agence France-Presse 5754167 at http://www.globalpost.com URGENT ¥¥¥ India vows to scrap Italy chopper deal if graft proved http://www.globalpost.com/dispatch/news/afp/130213/urgent-india-vows-scrap-italy-chopper-deal-if-graft-proved <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India's defence minister threatened Wednesday to cancel a deal to purchase 12 helicopters from the Italian firm Finmeccanica if a government inquiry proved the deal had been secured through kickbacks.</p> <p>"If we find any evidence of corruption then we will blacklist the company and even cancel the deal," A. K. Antony told reporters in New Delhi. "We don't want to jump the gun... (but) we can get our money back at any stage."</p> <p>rn/co/pj</p> Finmeccanica AFP Wed, 13 Feb 2013 10:30:59 +0000 Agence France-Presse 5754231 at http://www.globalpost.com UPDATE 6-Finmeccanica head arrested over India bribe allegations http://www.globalpost.com/dispatch/news/thomson-reuters/130213/update-5-finmeccanica-head-arrested-over-india-bribe-allegation <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Head of Italian defence group arrested</p> <p>* Italy faces series of corruption scandals before poll</p> <p>* Orsi's lawyer says no evidence to back bribe claims</p> <p>* Government says working to ensure management continuity</p> <p>* Company calls board meeting for Wednesday</p> <p>By Emilio Parodi and Danilo Masoni</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/update-5-finmeccanica-head-arrested-over-india-bribe-allegation" target="_blank">read more</a></p> Business Finmeccanica Giuseppe Orsi Italy Labor Law Thomson Reuters Wed, 13 Feb 2013 14:46:02 +0000 Thomson Reuters 5754460 at http://www.globalpost.com India puts Finmeccanica deal on hold after bribery arrest-official http://www.globalpost.com/dispatch/news/thomson-reuters/130213/india-puts-finmeccanica-deal-hold-after-bribery-arrest-official <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW DELHI, Feb 13 (Reuters) - India has suspended payments to Italian defence group Finmeccanica SpA for a $750 million helicopter deal and won't take delivery of more aircraft until the completion of a federal police investigation into bribery allegations, a defence ministry source told Reuters.</p> Finmeccanica Thomson Reuters Wed, 13 Feb 2013 16:00:14 +0000 Thomson Reuters 5754689 at http://www.globalpost.com WRAPUP 1-Finmeccanica appoints CEO after India suspends deal http://www.globalpost.com/dispatch/news/thomson-reuters/130213/wrapup-1-finmeccanica-appoints-ceo-after-india-suspends-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Finmeccanica promotes Pansa to CEO after head arrested</p> <p>* India puts helicopter deal on hold over bribery case</p> <p>* Berlusconi says prosecutor harming Italian economy</p> <p>By Paolo Biondi and Manoj Kumar</p> <p>ROME/NEW DELHI, Feb 13 (Reuters) - Italy's Finmeccanica promoted company insider Alessandro Pansa to run the defence group as CEO after the arrest of its head for alleged bribery led India to suspend a $750-million deal to buy helicopters.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/wrapup-1-finmeccanica-appoints-ceo-after-india-suspends-deal" target="_blank">read more</a></p> Business Finmeccanica Giuseppe Orsi Italy Labor Law Technology Thomson Reuters Thu, 14 Feb 2013 01:45:23 +0000 Thomson Reuters 5755197 at http://www.globalpost.com New Finmeccanica head faces fallout from India crisis http://www.globalpost.com/dispatch/news/thomson-reuters/130214/new-finmeccanica-head-faces-fallout-india-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Finmeccanica promotes insider Pansa after CEO arrested</p> <p>* India suspends $750 million deal over bribe claims</p> <p>* Corruption taint could hurt Finmeccanica's overseas sales</p> <p>By Keith Weir</p> <p>MILAN, Feb 14 (Reuters) - The new head of Italian defence group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business in other foreign markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/new-finmeccanica-head-faces-fallout-india-crisis" target="_blank">read more</a></p> Alessandro Pansa Business Finmeccanica Italy Labor Law Thomson Reuters Thu, 14 Feb 2013 11:15:51 +0000 Thomson Reuters 5755354 at http://www.globalpost.com India says freezes Finmeccanica payments in chopper bribery case http://www.globalpost.com/dispatch/news/thomson-reuters/130214/india-says-freezes-finmeccanica-payments-chopper-bribery-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW DELHI, Feb 14 (Reuters) - India has suspended payments to Finmeccanica following allegations the Italian defence group paid kickbacks to swing a $750 million deal for 12 luxury choppers, India's defence ministry said on Thursday.</p> Finmeccanica Thomson Reuters Thu, 14 Feb 2013 14:00:15 +0000 Thomson Reuters 5755418 at http://www.globalpost.com UPDATE 2-New Finmeccanica head faces fallout from India crisis http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-new-finmeccanica-head-faces-fallout-india-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Finmeccanica promotes insider Pansa after CEO arrested</p> <p>* India suspends $750 million deal over bribe claims</p> <p>* Corruption taint could hurt Finmeccanica's overseas sales (Adds comments from Indian named in Italian warrant)</p> <p>By Keith Weir and Manoj Kumar</p> <p>MILAN/NEW DELHI, Feb 14 (Reuters) - The new head of Italian defence group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business in other foreign markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-new-finmeccanica-head-faces-fallout-india-crisis" target="_blank">read more</a></p> Business Finmeccanica Italy Transport Thomson Reuters Thu, 14 Feb 2013 18:45:34 +0000 Thomson Reuters 5755648 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130214-33 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India halts payments to Italy's Finmeccanica over chopper scandal: ministry</p> <p>abh/pmc/ia</p> Finmeccanica AFP Thu, 14 Feb 2013 19:57:18 +0000 Agence France-Presse 5756007 at http://www.globalpost.com India says seeking to cancel Finmeccanica chopper deal http://www.globalpost.com/dispatch/news/thomson-reuters/130215/india-says-seeking-cancel-finmeccanica-chopper-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Manoj Kumar and Nigam Prusty</p> <p>NEW DELHI, Feb 15 (Reuters) - India's defence ministry issued a "show cause" notice to Finmeccanica on Friday seeking to cancel a $750 million deal to buy a dozen helicopters and gave the Italian company seven days to reply.</p> <p>"(The Ministry of Defence) today issued a formal show cause notice to AgustaWestland of UK seeking cancellation of contract and taking other action as per the terms of the contract and the integrity pact," ministry spokesman Sitanshu Kar said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/india-says-seeking-cancel-finmeccanica-chopper-deal" target="_blank">read more</a></p> Finmeccanica Finmeccanica Thomson Reuters Fri, 15 Feb 2013 12:00:25 +0000 Thomson Reuters 5756565 at http://www.globalpost.com India says to cancel scandal-plagued Italian helicopter deal http://www.globalpost.com/dispatch/news/afp/130215/india-says-cancel-scandal-plagued-italian-helicopter-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India on Friday said it had started the process of cancelling a $748-million deal for 12 Italian helicopters amid allegations that the contract was won through kickbacks.</p> <p>The ministry of defence said in a statement it had "initiated action for (the) cancellation" of the contract for 12 helicopters from AgustaWestland intended for use by VIPs such as the prime minister. </p> <p>The decision is a severe blow to the parent company of AgustaWestland, Italian aerospace group Finmeccanica whose chief executive was arrested earlier this week in Milan amid a probe by Italian prosecutors. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/india-says-cancel-scandal-plagued-italian-helicopter-deal" target="_blank">read more</a></p> Agusta AgustaWestland Finmeccanica AFP Fri, 15 Feb 2013 13:01:27 +0000 Agence France-Presse 5756624 at http://www.globalpost.com UPDATE 2-India says seeks to cancel Finmeccanica helicopter deal http://www.globalpost.com/dispatch/news/thomson-reuters/130215/update-1-india-says-seeking-cancel-finmeccanica-chopper-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* India steps up action against Italian company in bribery case</p> <p>* Ahead of Cameron visit, asks London for answers</p> <p>* Indian police team will travel to Italy to investigate</p> <p>By Manoj Kumar and Frank Jack Daniel</p> <p>NEW DELHI, Feb 15 (Reuters) - India is seeking to cancel a $750 million order for a dozen helicopters from Italian defence group Finmeccanica, the defence ministry said on Friday, responding to growing pressure over kickback allegations.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/update-1-india-says-seeking-cancel-finmeccanica-chopper-deal" target="_blank">read more</a></p> Finmeccanica Finmeccanica Freemen of the City of London Giuseppe Orsi Italy Year of birth missing Thomson Reuters Fri, 15 Feb 2013 14:00:32 +0000 Thomson Reuters 5756672 at http://www.globalpost.com India says to cancel scandal-plagued Italian helicopter deal http://www.globalpost.com/dispatch/news/afp/130215/india-says-cancel-scandal-plagued-italian-helicopter-deal-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India on Friday said it had taken steps to cancel a $748 million contract for 12 Italian helicopters amid allegations that the deal was won through kickbacks.</p> <p>The ministry of defence said in a statement it had "initiated action for cancellation" of the contract for 12 helicopters from AgustaWestland, a unit of Italian aerospace group Finmeccanica, intended for use by top politicians.</p> <p>The ministry issued a "show-cause" notice to Finmeccanica -- a legal step asking the company to justify why the contract should not be cancelled.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/india-says-cancel-scandal-plagued-italian-helicopter-deal-0" target="_blank">read more</a></p> AgustaWestland Finmeccanica Giuseppe Orsi AFP Fri, 15 Feb 2013 14:01:03 +0000 Agence France-Presse 5756682 at http://www.globalpost.com India says to cancel scandal-plagued Italian helicopter deal http://www.globalpost.com/dispatch/news/afp/130215/india-says-cancel-scandal-plagued-italian-helicopter-deal-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India on Friday said it had taken steps to cancel a contract for 12 Italian helicopters amid allegations the deal was won through kickbacks as the head of the suspected defence company stepped down.</p> <p>The Indian ministry of defence said in a statement it had "initiated action for cancellation" of the $748 million contract for the helicopters from AgustaWestland, a unit of Italian aerospace group Finmeccanica, intended for use by top politicians.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/india-says-cancel-scandal-plagued-italian-helicopter-deal-1" target="_blank">read more</a></p> Agusta Finmeccanica Giuseppe Orsi AFP Fri, 15 Feb 2013 15:00:48 +0000 Agence France-Presse 5756727 at http://www.globalpost.com