New Delhi

India govt may cancel probed Italian helicopter deal

Finmeccanica could end up on New Delhi 'blacklist'

India govt may cancel probed Italian helicopter deal

(see related story) New Delhi, February 13 - The Indian government may cancel a contract to buy 12 AgustaWestland helicopters if allegations of corruption that are being investigated by Italian prosecutors are true, Indian Defence Minister A. K. Antony said Wednesday. Finmeccanica CEO Giuseppe Orsi was arrested on Tuesday in relation to a probe into the alleged payment of bribes for the sale of the helicopters produced by AgustaWestland, which Finmeccanica controls. Antony added that Finmeccanica, which is controlled by the Italian State via a 30% stake, risks being put on New Delhi's company blacklist. "Finmeccanica could end up on the blacklist and the contract could be cancelled," he said after announcing he had ordered Indian investigators to look at the case. "We will act as soon as we have the results of our investigation". Three of the helicopters have already been delivered.

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