India to appeal over scrapped helicopter dealBy AP News Mar 19, 2014 3:30PM UTC
NEW DELHI (AP) — India says it will appeal a decision by an Italian court to reject New Delhi’s request to recover $387 million in bank guarantees in a scrapped helicopter deal.
India canceled the contract with Italian-owned Finmeccanica’s helicopter arm AgustaWestland in January amid allegations that the company paid bribes to win the $750 million deal for 12 luxury helicopters to ferry VIPs.
“The government of India will be filing an appeal against the order of the Italian court in Milan,” defense ministry spokesman Sitanshu Kar said in a statement Tuesday.
India received three of the helicopters and stopped the delivery of the remaining nine.
The defense ministry says the agreement was terminated because an integrity pact was breached by AgustaWestland.