IndiaTV RSS Feeds
October 25, 2014
0
Email

Facts to know about the key figures behind VVIP choppers scam

Pooja Tyagi [ Updated 14 Feb 2013, 06:25:37 ]
Facts to know about the key figures behind VVIP choppers scam
FONT SIZE

Before we mention the key figures behind the VVIP choppers scam, a brief look into how the deal came about.



In 2010, a 560 million euro ($749.2 million) contract was awarded to Augusta Westland, one of Finmeccanica’s  subsidiary to supply VVIP choppers.

The new choppers were being procured to replace the ageing Russian-made Mi-8 choppers. The first choppers were due to be delivered by December 2012 . India has already received three such choppers.

An Italian daily  ‘La Repubblica‘, reported that the deal was not fair , the Indian government officials changed  terms and conditions of the deal in favour of the Italian company in exchange of kickbacks. Slush funds were generated  and the money was allegedly used by a top Finmeccanica official to bribe Italian political parties.


TODAY'S BEST VIDEO
India TV Special: "Salaam India Awards 2014&#..

India TV as a responsible and leading news channel of...

Airports put on high alert after email threatens ..

Airports put on high alert after email threatens...

ALSO READ
X
Odisha to implement National Food Security Act
Bhubaneswar: Odisha government today said it would ensure implementation of the...
Read More >>