News18 » Videos » News18 Shorts

India cancels Rs 3,600 crore VVIP chopper deal with AgustaWestland

Jan 01, 2014 04:02 PM IST India India

New Delhi: India on Wednesday cancelled Rs 3,600-crore VVIP chopper deal with AgustaWestland in view of bribery allegations. The decision was taken after a meeting of Defence Minister AK Antony and Prime Minister Manmohan Singh.

The deal had been put on hold in February after the CEO of Agusta's parent company Finmeccanica was arrested by the Italian police for allegedly paying the bribe.

There were allegations that over Rs 300 crore in kickbacks were paid to Indian agents for securing the deal in AgustaWestland's favour.