thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » AgustaWestland Can Land in India Now, Govt Lifts Ban

Latest News

AgustaWestland Can Land in India Now, Govt Lifts Ban

TheNewsFacts
Last updated: November 7, 2021 12:18 pm
TheNewsFacts
Share
AgustaWestland Can Land in India Now, Govt Lifts Ban
SHARE

In a significant International Business Relations move the Indian Government has decided to lift the ban on transactions with the Italian company Leonardo (formerly Finmechanica), that makes AgustaWestland Choppers which was banned in connection with the Rs 3,600 VVIP helicopter fraud.

According to Government sources a news agency in India reported on Sunday that the ban on transactions with conditional companies had been lifted. According to the decision, the Central Investigation Bureau and the Executive Office will continue to investigate the company.

India Lifts Ban of Leonardo, with conditions to do business

agustawestland ban lifted
AgustaWestland can do business with conditions in India – Govt Lifts ban on Leonardo

“The company also cannot make monetary claims from the Government of India under a previously signed agreement and will have to start over after the ban is lifted,” sources commented.

India and the UPA government arrested people in 2013-14 for their role in a Rs 3,600 AgustaWestland transaction to supply India with 12 VVIP-powered AW-101 helicopters during the UPA government’s term. The contract has been suspended.

The decision was made by the Ministry of Defense in consultation with the Ministry of Justice and other agencies at the request of Italian companies, sources said.

The corruption case involved only AgustaWestland, but transactions with the entire Finmechanica Group were suspended. This included the black shark torpedo trade, which was then licensed by the Indian Navy.

TAGGED: AgustaWestland, AgustaWestland Ban, AgustaWestland News, Leonardo News
Share This Article
Twitter Email Copy Link Print
Previous Article Ravi Teja's Ravana Asura Poster gives you the chills! Ravi Teja’s Ravana Asura Poster gives you the chills!
Next Article Raqesh Bapat, Shamita Big Reunion to Ignite Diwali Bigg Boss 15 Raqesh Bapat, Shamita Big Reunion to Ignite Diwali Bigg Boss 15

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

Can Vivek Ramaswamy Win US Presidential Race on Anti-China, Merit Platform?

Vivek Ramaswamy, an Indian-American tech entrepreneur, has thrown his hat into the ring for the…

By TheNewsFacts

Israel-Hamas War: Israel tightens siege on Gaza as conflict enters fourth week

The Israel-Hamas conflict has escalated in the past week, with both sides launching airstrikes and…

By TheNewsFacts

Roger Federer bids adieu to Grand Slams, his big obsession for 25 years

Roger Federer after 25 glorious tennis years, having played 1500 matches and virtually winning them…

By TheNewsFacts

You Might Also Like

Bhool Chuk Maaf Box Office Report
Latest News

Bhool Chuk Maaf Crosses ₹54 Cr Globally in 7 Days

By NewsFacts Bureau
Bharat Biotech HILLCHOL
Latest News

Bharat Biotech’s Oral Cholera Vaccine HILLCHOL Demonstrates Success in Phase III Clinical Studies

By TheNewsFacts
Biovet Lumpy Skin Disease Vaccine Launched
Latest News

BIOLUMPIVAXIN: New Vaccine Now Available to Protect Livestock from LSD

By NewsFacts Bureau
Google AI First Accelerator 2025 India
Latest News

Google Opens 2025 India AI First Accelerator: $17B Opportunity for Startups

By NewsFacts Bureau
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?