New Delhi: India has raised a ban on business transactions with the Major Leonardo Spa defense, Finmeccanica Conglomerate Italy which was once wrapped in a famous VVIP helicopter helicopter with a subsidiary based on the UK agustaWestland International since 2013-2014.
The Ministry of Defense’s decision to continue the business with Leonardo Spa is “subject to certain conditions imposed on the company”, said the above government sources to TI on Saturday.
In conditions, Leonardo Spa cannot make commercial claims or filed a civil lawsuit against the Indian government for the previous agreement.
In addition, new business transactions will take place “without prejudice” for an ongoing investigation into alleged VVIP Scam helicopters by the CBI Directorate and enforcement, which will continue, sources add.
The mod decision to lift a ban was taken after the high-level committee examined this problem at the request made by Leonardo Spa and submitted its recommendations after consulting with the Ministry of Law.
Italy has repeatedly asked India for the ban to be appointed in bilateral talks.
Prime Minister Narendra Modi also held the first direct meeting with Italian partner Mario Draghi on the sidelines of the G-20 summit in Rome on October 29.
The source said the ban Leonardo spa and its subsidiaries have “limited Indian options” the international weapons market because the conglomerate produces a variety of weapons systems ranging from torpedoes and 127mm naval rifles to radars and short-range airbird-to-air missiles.
One of the earliest victims of the scandal, in fact, was the cancellation of the 1,200 crore India Rs Rs which was proposed to buy a heavy residential torpedo of the Black from a subsidiary of Finmeccanica for six French Scorpene submarines built on the Mazagon Pier.
In early 2012, the alleged RS 360 Crore was paid as a bribe for Indian politicians, Bureaucrats and IAF officials to swing the RS 3,546 Crore deal to supply 12 Helicopters VVIP AW-101 first appeared in the probe by the prosecutor by the prosecutor.
The agreement was asked in 2010.
With the MOD first freezing all payments to Agustawestland and finally canceling the contract in 2013-2014, the CBI has registered a case against the former Air Head of IAF Marshal Sp Tyagi, Agustawesland, Agustawesland, Agustawestland Head of Bruno Spagnolini and Alleged Middleman Christian Michel James, among others.
The probe has not been concluded, with the CBI recently told the court that his investigation was waiting for “the desire for the implementation of sturdy letters” sent to nine countries and other reasons.
Leonardo is among the 15 weapons companies in the list of defense ministries who are postponed / postponed / suspended “until September this year.
Above is six companies, including Singapore Technologies Kinetics, Israeli military industry, Rheinmetall Air Defense (Zurich) and Corporation Defense (Russia), which is fully.
Machine Manufacturer of Rolls Royce and Tatra Truck Manufacturers (Czech Republic), in turn, are four companies with whom “Limited procurement” is permitted based on operational urgency, national security and non-availability of other alternatives.
India Lifts Tires in the Italian Arm Company related to Agusta Fraud
