Finmeccanica

The Congress on Monday demanded answers from the government over reports of the lifting of a ban on procurement from Finmeccanica company which had been dubbed as corrupt by ruling BJP leaders

When Shashi Kant Sharma was appointed CAG in 2013, BJP had noted that he would be handling an audit into his own role in the AgustaWestland chopper deal - a classic case of conflict of interest

The Italian firm has threatened to reassess its business in India after New Delhi said it would blacklist the company over alleged payment of bribes

Italian defence and aerospace major Finmeccanica's former chief Giuseppe Orsi has been sentenced by the Milan appeals court to 4.5 years in jail for false accounting and corruption over the sale of 12 VVIP choppers to India for Rs 3,600 crore. In the ruling, which overtured a previous court order of 2014, Bruno Spagnolini, the former CEO of Finmeccanica's helicopter subsidiary AgustaWestland, was also handed a four- year prison term by the court yesterday. The court found both guilty of corruption in relation to the sale of 12 helicopters to the Indian government and sentenced Orsi to a jail term of four and a half years, Italian news agency ANSA reported. Prosecutors had requested jail terms of six years and five years for Orsi and Spagnolini, respectively, it said. The ruling has come as a severe blow to the Italian company which had just managed to leave the corruption saga behind that marred its image across the world. Though Finmeccanica has refused to say anything on the ...