Wednesday, March 6, 2013

Defence Minister In Parliament On Finmeccanica: 'No Decision To Blacklist The Company Has So Far Been Taken'

On the report of the arrests of the Finmeccanica Chief and Chief Executive of Agusta Westland Spa in connection with the investigations in Italy regarding alleged wrong doing and unethical conduct by M/s Finmeccanica, parent company of M/s Agusta Westland, U.K., the CBI was asked on February 12, 2013 to conduct an enquiry into the matter. Further details will be available on receipt of report of CBI.

A Show Cause Notice has been sent to M/s Agusta Westland, U.K. on 15th February, 2013 asking them to explain as to why steps should not be initiated for cancellation of the Contract. The operation of the Contract has been put on hold and further payments to M/s Agusta Westland, U.K. stopped. No decision to blacklist the Company has so far been taken.

This information was given by Defence Minister Shri AK Antony in a written reply to Shri Devender Goud T in Rajya Sabha today.


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