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India scraps AgustaWestland chopper deal over bribe allegations

India cancelled on Wednesday a 556-million-euro ($753 million) contract with Anglo-Italian firm AgustaWestland to buy luxury helicopters for VIPs amid bribery allegations. The deal signed in February 2010 was scrapped after Defence Minister A. K. Antony held a meeting with Prime Minister Manmohan Singh whose Congress-led government has been buffeted by a string of corruption scandals.

AgustaWestland fights to keep graft-tainted Indian chopper deal

British helicopter-maker AgustaWestland sought arbitration Wednesday in a bid to salvage a $753-million chopper deal that was suspended over corruption allegations. India suspended the contract to supply 12 luxury VIP helicopters earlier this year after Italian investigators began looking into accusations that AgustaWestland paid bribes to win the deal. The firm said in a statement it had sought arbitration by a "well-known" Indian judge of "unimpeachable experience and reputation" to settle the disagreement.

India set to cancel scandal-hit AgustaWestland chopper deal: sources

By Anurag Kotoky and Nigam Prusty NEW DELHI (Reuters) - India has decided to cancel a scandal-tainted helicopter deal with Anglo-Italian firm AgustaWestland, three sources said, drawing a line under a dispute that has embarrassed a government heading into elections due next year. The decision could re-open the contract to rivals, including United Technologies Corp's <UTX.N> Sikorsky Aircraft, EADS' <EAD.PA> Eurocopter and Lockheed Martin <LMT.N>.

India set to cancel scandal-hit AgustaWestland chopper deal: sources

NEW DELHI (Reuters) - India has decided to cancel a scandal-tainted helicopter deal with Anglo-Italian firm AgustaWestland, prejudging the outcome of a meeting on Wednesday between company executives and Defense Ministry officials to discuss the contract, three sources said.

Philippines to buy eight Anglo-Italian attack helicopters

The poorly-equipped Philippine military said Thursday it is buying eight helicopters from Anglo-Italian firm AgustaWestland for 3.4 billion pesos ($78.7 million) to help in the fight against guerrillas. The eight AW 109 Power helicopters will be used mainly to support troops in battling insurgents but can also be used for maritime patrols and "territorial defence", said air force spokesman Colonel Miguel Okol. "These will be armed helicopters for close air support... in general, it is for internal security operations," he said.

Switzerland extradites man linked to Finmeccanica probe to Italy

ZURICH (Reuters) - Switzerland has extradited a man to Italy in connection with a probe into allegations of bribery in an Indian helicopter deal won by Finmeccanica <SIFI.MI> unit AgustaWestland, Swiss authorities said on Monday. The Swiss Justice Ministry said in a statement it had handed over Guido Ralph Haschke, an Italian and U.S. citizen, who lives in Lugano, Switzerland, to the Italian authorities.

India moves to cancel Italian helicopter deal over graft scandal

India has moved to cancel a contract with Anglo-Italian firm AgustaWestland for the purchase of luxury helicopters for VIPs following a corruption scandal, a defence ministry source said Wednesday. "The defence ministry has issued a final show cause notice to AgustaWestland," the top ministry source told AFP. "They have been given 21 days to respond," the source said of the notice informing the company of the intended cancellation. AgustaWestland confirmed receiving the notice from the Indian defence ministry.

India issues final show cause notice to AgustaWestland-govt official

NEW DELHI (Reuters) - India's defence ministry has issued a final "show cause" notice to AgustaWestland seeking to cancel a deal to buy a dozen helicopters and has given the company 21 days to reply, a government official said on Wednesday. The official said the company, a subsidiary of Finmeccania, has been asked to explain why action should not be taken against it for violating the terms of the pre-contract integrity pact. Earlier this month, AgustaWestland has invoked arbitration over the scandal-tainted deal.

AgustaWestland seeks arbitration to settle India row

AgustaWestland says it is seeking arbitration to settle a row over the supply of 12 helicopters to India, which suspended the deal amid charges the Anglo-Italian firm paid bribes to clinch the contract. The 556-million-euro ($753-million) deal to buy the luxury AW101 helicopters for use by Indian political VIPs came under scrutiny in India earlier this year after Italian investigators began looking into allegations AgustaWestland paid bribes to win the 2010 contract.

Finmeccanica's AgustaWestland says Russia helicopter talks still on

MILAN (Reuters) - Italy's AgustaWestland is still negotiating an order with the Russian government for its AW139 helicopters, a spokesman said after speculation about the order falling through hit the shares of parent company Finmeccanica <SIFI.MI> on Tuesday. "The order is still under negotiation," said Roberto Caprarella, a spokesman for AgustaWestland. Earlier on Tuesday Russian news agency Itar-Tass had reported that Moscow would only consider buying 35 helicopters from AgustaWestland if the price came down.
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