Finmeccanica says it, unit did not violate Indian law

Image
Reuters Delhi, India
Last Updated : Feb 19 2013 | 8:20 PM IST

MILAN (Reuters) - Italy's defence company Finmeccanica, at the centre of a probe into alleged bribery to win an Indian contract, said it never broke Indian law and was confident unit AgustaWestland would be able to demonstrate it had done the same.

"Following recent reports concerning the alleged involvement of AgustaWestland in irregularities relating to a contract for the supply of helicopters to the Indian government, Finmeccanica highlights that it has acted correctly throughout the 40 years it has operated in India," the Italian company said in a statement on Tuesday.

"Finmeccanica is confident AgustaWestland will demonstrate it has fully complied with Indian law," it added

In the statement, state-controlled Finmeccanica also said it was ready to cooperate with Indian authorities to clarify the matter and would follow international procedures in matter of judicial cooperation.

(Reporting By Lisa Jucca)

*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: Feb 19 2013 | 8:09 PM IST

Next Story