Italian helicopter company in bribe probe says it is clean
ROME (AFP) - AgustaWestland, a unit of Italian aerospace group Finmeccanica, said on Saturday that it was complying with India's request for clarifications over a bribery scandal and had fully respected the law.
"AgustaWestland is confident that the full compliance with the relevant laws as well as the good conduct of its past and present senior executives and managers will be demonstrated as soon as practicable," it said in a note.
India on Friday said it had taken steps to cancel a US$748 million (S$925 million) contract for 12 helicopters from AustaWestland amid allegations that the deal was won through bribes of up to 50 million euros (S$82.7 million).
The ministry of defence said it had "initiated action for cancellation" of the contract and asked the Italian firm to "reply within seven days" if the terms of the contract and an "integrity pact" it signed in 2010 had been violated.