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India rejects Finmeccanica denial over chopper bribes

India on Wednesday rejected denials by Italy's Finmeccanica that the company paid bribes to clinch a $748-million contract for 12 British-built helicopters. India in mid-February put payments to the company on hold and asked the Italian firm to reply if any terms of the contract and an "integrity pact" it signed in 2010 had been violated in securing the deal.

UPDATE 4-Italy's Finmeccanica delays results over India probe

* Says to meet on results to "no later than April 30" * Finmeccanica met on helicopter deal with Indian delegation * India has threatened to scrap helicopter deal By Paolo Biondi and Danilo Masoni ROME/MILAN, Feb 21 (Reuters) - Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.

Finmeccanica says acted 'correctly' on India chopper deal

Italian aerospace and defence giant Finmeccanica insisted it had acted "correctly" in a deal to sell India 12 helicopters, amid investigations in Italy and India over alleged bribes paid for the contact. "Finmeccanica highlights that it has acted correctly throughout the 40 years it has operated in India, one of the most strategically important markets for the entire group," the company said.

Italy's Finmeccanica says acted 'correctly' on India helicopter deal ahe/dt/rl

URGENT ¥¥¥ Finmeccanica says acted 'correctly' on India chopper deal

Italian aerospace and defence giant Finmeccanica insisted it had acted "correctly" in a deal to sell India 12 helicopters, amid investigations in Italy and India over alleged bribes paid for the contact. "Finmeccanica highlights that it has acted correctly throughout the 40 years it has operated in India, one of the most strategically important markets for the entire group," the company said. ahe/dt

India PM conveys 'concern' to Cameron over graft claims

India's Prime Minister Manmohan Singh said Tuesday he had conveyed his "serious concern" to British counterpart David Cameron over allegations of corruption in a 2010 deal for Anglo-Italian helicopters. "I also conveyed to the prime minister our very serious concerns regarding allegations that unethical means were used in securing the 2010 contract for AgustaWestland," Singh told a joint press conference. "Prime Minister David Cameron has assured me of the cooperation of his government in the investigation," he added.

"Nothing to hide" in helicopter deal, India's prime minister says

By Frank Jack Daniel NEW DELHI, Feb 18 (Reuters) - India's Prime Minister Manmohan Singh said on Monday the government had nothing to hide in a $750 million deal for AgustaWestland helicopters that has been suspended by the Defence Ministry over allegations of kickbacks. The ministry has asked AgustaWestland, owned by Italy's Finmeccanica, to show by Friday that no bribes were paid in the deal and says it is ready to cancel the purchase outright. The helicopter company says it will comply with the request.

India says to cancel scandal-plagued Italian helicopter deal

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. 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.

India says to cancel scandal-plagued Italian helicopter deal

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. 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.

India says to cancel scandal-plagued Italian helicopter deal

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. 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. The ministry issued a "show-cause" notice to Finmeccanica -- a legal step asking the company to justify why the contract should not be cancelled.
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