India to appeal in VIP chopper deal
Tuesday, 18 March 2014
India will appeal against the order of an Italian court which rejected Delhi's request to recover $387m in bank guarantees backing a scrapped helicopter deal with Finmeccanica.
India cancelled the $753m deal last month with the Italian defence giant after allegations of corruption. Officials said the firm's Anglo-Italian helicopter arm AgustaWestland had breached an integrity pact. The contract was for 12 luxury helicopters to transport VIPs, according to BBC.