Friday, January 03, 2014

No Basis To Terminate Chopper Contract: AgustaWestland

Official AgustaWestland statement: [AgustaWestland], a Finmeccanica company, confirms to have received yesterday from India’s Ministry of Defence a notification concerning the appointment of an arbitrator from its side, as requested by AgustaWestland on November 25 and December 4, 2013, as well as a termination notice of the agreement for the supply of 12 VVIP/VIP helicopters, consistent with yesterday’s press announcement by the Indian Ministry of Defence.

AgustaWestland still finds that neither the termination notice by the Ministry of Defence nor the show cause notice, from which this termination notice stems, offers adequate basis to take any action against the Company. It is the Ministry of Defence's admitted position (PIB release of MoD statement February 14, 2013) that the tender process has been duly followed. Accordingly, the termination notice received yesterday will have to be discussed within the framework of a fair arbitration process. To this end, AgustaWestland will soon propose the names of the persons for the purpose of selecting the third arbitrator by agreement of the parties, as requested by the Indian Ministry of Defence.

AgustaWestland remains committed to working with the Government of India to resolve the issues, to allow the Indian armed forces to receive the equipment they need and is ready to perform the remaining obligations under the agreement for the supply of the 12 VVIP/VIP helicopters. AgustaWestland will continue to support the three helicopters already delivered to and currently operated by the Indian Air Force.

Finmeccanica has already introduced stringent ethical procedures common to all Group companies that have harmonized their systems of rules based on the standards set by the parent company. These processes are reviewed regularly and have been further strengthened in correspondence with the most stringent international ethical standards. Also AgustaWestland applies the same strict procedures to prevent corruption in accordance with the updated Finmeccanica policies. In any case, AgustaWestland is ready to take the necessary actions, on top of the above mentioned arbitration measures, included in a mitigation plan already prepared. This plan includes a reduction to the workforce to readdress the company business model and the reallocation of existing working capital that will be reflected also on the supply chain. The completion of this plan, the positive company performance and the recent order intake will ensure a solid platform for revenues and cash flow [streams].

8 comments :

Anonymous said...

Though in my heart I believe the bribe was paid to make this contract happen. GOI has the responsibility to prove that corruption was involved in this dealing. GOI should have froze this deal longer until investigations were complete and the "Indian/s" involved were brought to justice before cancelling this contract. Rightnow, this looks like we are not wanting to know the whole truth and just cancelling the deal because of some fingure pointing. I am sure there is plenty of evidence if someone really wants to prove this alleged bribe, but until proven in court, this is just an alleged crime. And cancelling based on an allegation is wrong in my opinion. If allegation were enough to keep people off of ballots, more than half of the MPs would have never been elected in the first place. GOI is trying to hold foreigners to a higher standard then their own folks. If paying a bribe is wrong, then receiving should be equally wrong. This whole 2G scam occured, in that case none of the indian corporations involved faced a severe penalty, so then why are we doing this to non-Indian corporations?

Anonymous said...

Better give back the 3 remaining choppers as finnmecanica will not give spares to service it in the future.

Sethz said...

Shiv, I find it rather ironic that you spend so much time covering the VVIP chopper deal - first the MoD statement followed by the official statement from A/W parent Finmeccanica ! As it is - this deal whether it gets scrapped or honored makes no difference to the preparedness of the Indian armed forces since it only benefits a handful and privileged few. I will even go as far as to contest that the acquisition of these expensive flying machines would have done nothing to increase the security of the political classes it was purportedly acquired for.
Please find more new worthy topics to cover. Thank You.

-S. Satpathy

Anonymous said...

These Indian politicians and their agents and the babus screw defenses deals by asking for their commissions ..Why atall we need these so called agents as mediators for a suprememe power like India?...And if atall these corrupt guys screw things up for our armed forces why should they suffer to get the latest equipment they need? The soldier who dies to defend India due to improper or old or insufficient equipment he fights with, is a tragedy for India..The Finmeccanica company should be fined heavily instead and the deal should be allowed to proceed .No one should be spared on the Indian side who is proved to have taken a bribe..but the armed forces should not be made to suffer anymore due to these corrupt elements..

Ravindra said...

These Indian politicians and their agents and the babus screw defenses deals by asking for their commissions ..Why atall we need these so called agents as mediators for a suprememe power like India?...And if atall these corrupt guys screw things up for our armed forces why should they suffer to get the latest equipment they need? The soldier who dies to defend India due to improper or old or insufficient equipment he fights with, is a tragedy for India..The Finmeccanica company should be fined heavily instead and the deal should be allowed to proceed .No one should be spared on the Indian side who is proved to have taken a bribe..but the armed forces should not be made to suffer anymore due to these corrupt elements..

ASHA JAISWAL said...


NATIONAL INTEREST / TOP PRIORITY / IMMEDIATE INTERVENTION
To,
THE HON.’BLE DEFENCE MINISTER OF INDIA / RESPONSIBLE CITIZEN OF INDIA

Subject : Serious irregularities, CORRUPTION & SCAM in DEFENCE LAND - 2013, in CRORES, in New Cantt., Allahabad, needing IMMEDIATE INTERVENTION & INVESTIGATION. Execution of FRAUDULENT TRANSACTIONS & illegal encroachment by committing fraud & FORGERY, duping, cheating the Sub Area New Cantt., Allahabad to criminally misappropriate & SELL Defence Land of Cantonment, G.O.I., which may be prevented at any cost, by lethargic & lax, Sub Area, Allahabad by Rashmi Jaiswal & others, which demands stringent LEGAL / police action.

Dear Sir ,
This is a reminder regarding my letters dated 22.7.13, 31.7.13, 10.8.13 & 25.8.13. sent to Minister, Bureaucrats etc., with no action & who hve maintained double standards, hence we solicit your kind support. I, Ms. A.R. Jaiswal, am writing to you in National interest against some notorious history sheeters, with many criminal cases pending in Courts of Law. This case may be referred to C.B.I. / S.I.T. / E.D. / C.A.G. / N.I.A., etc. for a detailed probe, who should ensure, no documents go missing & specially from S.G.P.G.I., Lucknow. I, am an estranged old lady, seriously & chronically ill, infirm, disabled & fully bed ridden & presently I stay in Allahabad. My son is convent educated & highly qualified, however due to acute financial distress, he joined the ranks to support the family monetarily. He got disabled in Operation Rakshak. My daughters are high profile Public Servant & Defence Officer in the Indian Army, Ministry of Defence, Govt. of India, respectively & are serving the nation. The Cantonment Board / Defence Estates Office, Allahabad, interact with the public directly & this SCAM in Defence Estates is fully attributable to their dealing officials, due to their grievous lapses, negligence, nepotism, favouritism, etc. for pecuniary benefits. They were a party to the illegal transactions executed by one, Ms. Rashmi Jaiswal, the prime accused, who is a sentimental rogue known for shedding crocodile tears to earn other’s sympathy & for submitting fake, forged & manufactured documents at various forums, to mislead them &, wrestle property & money etc, illegally (which should be verified invariably). The other accused are Utkrisht Jaiswal, Upma Jaiswal, Sunita Jaiswal, Mishri Lal Jaiswal, Ankit Jaiswal, Ajit Jaiswal, Kriti Jaiswal, R.S. Jaiswal, P.S. Jaiswal & Amardeep Jaiswal, all basically residents of 2, Cassels Road, Shambhoo Estate, Allahabad – 01. These illegal transactions, in the past regarding Defence Land were done by all the accused, with the Cantt. Board / Defence Estates Office, who arbitrarily & unilaterally without consulting either the Sub Area H.Q., or Station H.Q., Allahabad, sanctioned their illegal deals,

Anonymous said...

AW101 was by far the most capable heli in the competition. There was no need for AW to corrupt anyone...if the competitionl had been fair!!!

P.s. Norwegian contract more than compensate this one

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