Friday, February 15, 2013

India Begins Process To Scrap AgustaWestland VVIP Copter Deal


MoD Statement: The Ministry of Defence has initiated action for cancellation of contract for procurement of 12 AW101 helicopters for the use of VVIPs. MoD today issued a formal show cause notice to the AgustaWestland of UK seeking cancellation of contract and taking other actions as per the terms of the contract and the Integrity Pact. MoD had already put on hold further payments to the company on Wednesday.  With today’s show cause notice, the operation of the contract has been put on hold.  The company has been asked to reply to the notice in seven days.

4 comments :

Anonymous said...

wow... can... MOD... the balls... to take on... quattrocchis... means italian firms... ???...

Anonymous said...

Shiv,

OT, but please stop loading so much junk in your pages. It is starting to resemble a nightmare. Takes forever to load up too.

Anonymous said...

at this point of time they are just allegations from legal point of view. why MoD is in such a hurry?

if italians clear no such bribes taken place what would be MoD position?

Y cant they wait for few more days till some substancial evidence gathered?

they can freeze things till then...

G Karthikeyan said...

Will action be taken against the DG Acquistion?