AgustaWestland yet to return entire down payment made by India for VVIP helicopters

Author yuvamind

New Delhi: Amid the continuing political struggle over the AgustaWestland VVIP chopper grafting fraud, a report has claimed that the defence firm has not returned the entire down payment made by India for the purchase of 12 such helicopters.
According to NDTV report on Friday,  AgustaWestland, a UK-based subsidiary of Italian conglomerate Finmeccanica, has yet to return some 106 million euros paid for three choppers whose deliveries had been made to India before the scam came to light and the deal was subsequently cancelled. The total deal was worth over Rs 3,600 crores; the figure quoted by the news channel is based on sources. It had earlier been reported that India had recovered the entire down payment by encashing bank guarantees among other steps after cancelling the deal by invoking the integrity clause following revelations that middlemen had played a role in the deal.
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