Neelam Mathews
April 30, 2013
The AgustaWestland issue is bound
to stall acquisitions planned in the near future and one hopes it reaches its
conclusion- either way. One might have spoken on cue even as the Italian
public prosecutor has called today for a quick trial of former chief of
Finmeccanica, Giuseppe Orsi, following the completion of the investigation into allegations of
bribery to win India's VVIP helicopter deal. A final decision, papers report, is to be made by a judge in a few days on whether
there's enough evidence to try those in accused of wrong doing.
AgustaWestland was super quick
in releasing a statement following the move to trial in Italy today.
"Noting
the developments in Italy today, AgustaWestland are unable to comment directly
on the ongoing investigation, but wish to stress that none of the
allegations have yet been tested in court. In the meantime AgustaWestland
International Ltd (as the formal “Seller”) has formally sought bilateral
discussions with the MOD, which is a legal obligation under the contract and is
currently awaiting a response."
We are hearing that around two
weeks back, AW sent a letter to MoD with a formal request to hold "bilateral
discussions" stated in Clause 21 of the contract for Dispute Resolution.
No comments:
Post a Comment