In November, Defence Ministry extended ban on AgustaWestland for doing defence business in India

Image
ANI New Delhi
Last Updated : Dec 31 2018 | 6:00 PM IST

New Delhi, Dec 31 (ANI) Contrary to the Congress claims, AgustaWestland and its sister companies under the Leonardo Group are still prohibited from doing business in India, according to documents accessed by ANI.

The documents show that the Indian Defence Ministry had, as latest as November 8 this year, extended an order prohibiting Italian Group Leonardo, Finmeccanica's latest avatar, from doing business in India for six months.

"The matter has been again considered in the ministry and the competent authority has decided to further extend the period of suspension of business dealing with Leonardo (erstwhile Finmeccanica) for a period of 6 months with effect from 8 November 2018," reads the order, which is in possession of ANI.

The documents reveal that the last order extending the ban was issued on May 8, 2018.

The first order banning the company from doing business in India was issued on July 3, 2014, soon after the BJP government took over. At that time, Arun Jaitley was holding the Defence portfolio.

The revelation comes a day after the Opposition Congress alleged that the NDA government had removed AgustaWestland from the blacklist.

AgustaWestland, a subsidiary of Finmeccanica Group, is mired in a controversy in the wake of allegations that bribes were paid to swing a Rs 3600 crore deal for supplying 12 VVIP helicopters to India in 2010 during the UPA government.

Congress spokesman Randeep Singh Surjewala yesterday alleged that the Modi government modified the orders related to business dealings with AgustaWestland and allowed the Finmeccanica group to do business with India if contracts were under execution with one of its subsidiaries, spares and upgrades were required or the vendor was a sub-contractor.

Finmeccanica was also allowed to participate in the Aero India-2015 exhibition in Bangalore in 2015, less than a year after it was blacklisted, Surjewala had claimed.

After the allegations surfaced, the deal was scrapped by the former UPA government and a probe was initiated.

The Indian government recently managed extradition of alleged middleman Christian Michel from United Arab Emirates (UAE) and he is now in the custody of the Enforcement Directorate which is probing money laundering allegations.

The ED recently told a Delhi court that Michel had named "Mrs Gandhi" but did not specify who exactly she was and in what context he had named her.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 31 2018 | 5:33 PM IST

Next Story