India opts for 'partial ban' on Finmeccanica

摘要

India's Ministry of Defence (MoD) imposed a "partial ban" on Finmeccanica on 26 August that permits the Italian defence conglomerate and its subsidiaries to pursue ongoing local contracts but prohibits them from bidding for any new tenders. The announcement follows the 1 January termination of a 2010 contract for 12 AW101 helicopters from Finmeccanica subsidiary AgustaWestland on grounds of corruption. The MoD then imposed a ban on all dealings with the Finmeccanica Group pending the outcome of an inquiry by the Central Bureau of Investigation (CBI) into the AW101 purchase. On 29 July the Italian authorities cleared Finmeccanica of any wrongdoing in the AW101 contract, although the CBI is continuing with its investigation.