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  4. Final decision on AgustaWestland deal soon: Sources

Final decision on AgustaWestland deal soon: Sources

New Delhi:  AgustaWestland has submitted its reply to the Indian Defence Ministry's final show cause notice in the VVIP chopper deal and the Ministry is expected to take a final decision on the contract soon,

IANS IANS Updated on: November 27, 2013 10:30 IST
final decision on agustawestland deal soon sources
final decision on agustawestland deal soon sources

New Delhi:  AgustaWestland has submitted its reply to the Indian Defence Ministry's final show cause notice in the VVIP chopper deal and the Ministry is expected to take a final decision on the contract soon, said informed sources.


They said that AgustaWestland had submitted its reply, denying any wrongdoing in the deal.

The sources said that the ministry will examine the company's reply carefully before taking a final decision.

Facing the threat of the deal being cancelled, AgustaWestland on November 20 nominated retired Supreme Court judge BN Srikrishna on its behalf for arbitration.

However, Defence Minister AK Antony had on Monday categorically ruled out arbitration in the Rs. 3,727 crore deal.

AgustaWestland officials had on November 20 met Defence Ministry officials to present their case and are learnt to have conveyed there was no wrongdoing in the deal.

The ministry, earlier this month, had extended by 15 days the deadline set for AgustaWestland, the Britain-based subsidiary of the Italian conglomerate Finmeccanica, to reply to the show-cause notice issued on October 21 for cancelling the deal for supplying 12 AW-101 VVIP helicopters to the Indian Air Force (IAF).

Sources said the company was asked to give a written reply to the show-cause notice by November 26.

Defence Ministry officials have maintained there was no cause for arbitration. They have said the company has been accused of violating the integrity pact.
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