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CBI Probe Impact: M o D Starts Cancellation of VVIP Copter Deal

PUBLISHED BY: SURENDER KUMAR
FEBRUARY 15, 2013

   
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Following the start of a CBI probe into the AgustaWestland scam, the ministry of defence has started the process of cancelling the deal for procurement of 12 AgustaWestland (AW101) helicopters.

 

 

The ministry has issued a formal show cause notice to AgustaWestland of UK, seeking cancellation and other actions as per the terms and the integrity pact signed by it. Further payments to the company are already on hold. The company is supposed to reply to the notice within seven days.

 

The CBI probe into the matter followed the arrest of former CEO of Italian company Finmeccanica, which owns AgustaWestland.




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