Even bribery and money laundering dont seem to have escaped the woes of inflation and rising prices around the world. The bribery scandal involving AgustaWestland and India is a fine example of how kickbacks have been affected by global economic downturn
Former Indian Air Force Chief Air Chief Marshal S P Tyagi today strongly denied allegations that he was paid a multi-million dollar bribe to help AgustaWestland seal the VVIP helicopter deal. His statement comes a day after Finmeccanica CEO and Chief Executive Giuseppe Orsi was arrested in connection to the money laundering charges
Russian Helicopters, subsidiary of state defence holding Oboronprom, has signed its first export contract for the medium multirole Ka-62 with Brazilian Atlas Táxi Aéreo. Seven Ka-62s are scheduled for delivery within the period of first quarter 2015 to first quarter 2016
India’s public sector unit Bharat Electronics Ltd (BEL) has appointed two new General Managers; Veeresh D Bevinamarad, GM (HR), and Koshy Alexander, GM (Internal Audit). Bevinamarad has been with the company since 1984 when he was appointed as Deputy Engineer at Taloja (Navi Mumbai) Unit, where he was involved in the setting up of a plant for the production of glass parts for TV Tubes
Charges that AgustaWestland paid bribes worth Euro 51 million to “agents” to swing a deal for 12 VVIP helicopters for the Indian Air Force are based on the statements of Lorenzo BORGOGNI, former head of external relations for Finmeccanica who has claimed during cross examination that the information about the bribery was based on “rumours” he had heard within the company. According to a transcript of BORGOGNI’s cross examination held on November 15, 2012 at the court of Naples in the presence of deputy public prosecutor Vincenzo Piscitelli, the former claimed that there had been two “agreements” between certain...
The U.S and Russia may not have many things in common but the two super powers have found their respective high ranking military officials in rather embarrassing dealings this month
The U.S Air Force is doing away with its next-generation logistics management system after a $1 billion investment produced “negligible” value
The U.S
Embraer has delivered the first light attack and advanced training A-29 Super Tucano turboprops to the Mauritania Air Force. The aircraft will be used for border surveillance missions
DCNS launched the next generation multimission FREMM frigate on Thursday. The next major phase is installation of the mast infrastructure, which will house the vessel's sensor suites radars, antennas, cameras, jammers