TODAY -
Italian court halts cashing of chopper deal bank guarantees; India to appeal
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print
The Indian government will appeal against an Italian court order barring encashment of bank guarantees in the contract for procurement of 12 VVIP helicopters from AgustaWestland that was terminated by the Defence Ministry in January on grounds of breach of the pre-contract integrity pact and the agreement by the supplier.
The decision comes after the Italian court on Monday admitted a plea by AgustaWestland’s parent company Finmeccanica to prevent the Indian government from cashing bank guarantees worth over Rs.2,360 crore as a post-contract termination penalty imposed by the Defence Ministry.
“The Government of India will be filing an appeal against the order of the Italian Court in Milan in the case relating to encashment of bank guarantees in the contract for the procurement of 12 VVIP/VIP helicopters from AgustaWestland. Simultaneously, the Government will vigorously pursue all options for encashment of the bank guarantees,” a Defence Ministry spokesperson said on Tuesday.
AgustaWestland had already supplied three of the 12 helicopters to the Defence Ministry after the contract was signed in February 2010. While guarantees worth of Rs. 240 crore held with the banks in India have already been cashed, the guarantees with the banks in Italy are yet to be impounded.
The VVIP chopper deal came under the Central Bureau of Investigation scanner in February 2013 after Italian investigators arrested the then Finmeccanica CEO Giuseppe Orsi on allegations of kickbacks to Indian officials.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
ಉಡುಪಿ, ಮೇ 06: ಉಡುಪಿ ಲೋಕಾಯುಕ್ತ ವಿಭಾಗದ ವತಿಯಿಂದ ಜಿಲ್ಲಾ ಲೋಕಾಯುಕ್ತ ವಿಭಾಗದ ಪೊಲೀಸ್ ಉಪಾಧೀಕ್ಷಕರು ಹಾಗೂ ನಿರೀಕ್ಷಕರು ಮತ್ತು ಮಂಗಳೂರು ವಿಭಾಗದ ಪೊಲೀಸ್ ಅಧೀಕ್ಷಕರು ಮೇ 8 ರಂದು ಬೆಳಗ್ಗೆ 11 ರಿಂದ ಮಧ್ಯಾಹ್ನ 1 ಗಂಟೆಯವರೆಗೆ ವರೆಗೆ ಕುಂದಾಪುರ ತಾಲೂಕು ಮಿನಿ ವಿಧಾನಸೌಧದ ತಹಶೀಲ್ದಾರರ ಕಚೇರಿ ಸಭಾಂಗಣದಲ್ಲಿ ಲೋಕಾಯುಕ್ತ ಜನಸಂಪರ್ಕ ಸಭೆ ನಡೆಸಲಿದ್ದಾರೆ.
ಕಾರ್ಕಳ ಶ್ರೀ ವೆಂಕಟರಮಣ ದೇವಳದ ರಥೋತ್ಸವ: ವಾಹನಗಳ ಸಂಚಾರಕ್ಕೆ ಪರ್ಯಾಯ ವ್ಯವಸ್ಥೆ
Election preparations: 1. Of the 246 booths going for elections, 43 are critical booths. All the normal booths have atleast one policeman.
Mangaluru, May 6: Renowned Konkani writer and KWAA president Ronald Sequeira, known as ‘Sikeram Surathkal’, breathed his last on Monday May 6. He was 69. Sequeira, who had been under medical care, breathed his last in the early hours of the morning,
Final Journey of Judith Lewis (91 years) | LIVE From Kallianpur
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
