Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home National

The curious case of Chandigarh firms in VVIP chopper deal

Saturday February 16, 2013 06:33:30 PM, Jaideep Sarin, IANS

Related Article

Government begins process to cancel VVIP chopper deal

As more high-profile names cropped up in connection with bribery allegations in the $750 million VVIP chopper    

Chopper deal: India warns Italian firm of blacklisting

Italian chopper deal: India orders probe after CEO's arrest

Antony seeks report on pay-off in Italian chopper deal

I

Chandigarh: The names of two Chandigarh-based companies have emerged in the controversy around the $750 million VVIP chopper deal with Italian company Finmeccanica, which was supplying the AgustaWestland helicopters to India.

The names of Aero-Matrix Info Solutions Private Limited, based in DLF building in Chandigarh's Rajiv Gandhi Technology Park, and IDS Infotech, which is based in Mohali, near Chandigarh, have figured in the media in the VVIP chopper deal controversy.

The AgustaWestland chopper deal, for which the defence ministry has now initiated the process for its cancellation, is in the eye of the storm over the alleged payment of around 51 million euro as kickbacks paid by Finmeccanica to companies and high-profile people in India to clinch the deal.

The bribe payments, as investigated by the Italian investigating agency, were allegedly routed to India through two companies - IDS Tunisia and IDS Mauritius. Investigating agencies are yet to establish the curious link between the IDS in Tunisia and Mauritius and IDS Infotech here.

The balance sheets of IDS Infotech do provide a link with IDS Tunisia.

Aero-Matrix was set up here in 2007 with Parveen Bakshi as its chief executive officer (CEO). Before this, Bakshi was working with IDS Infotech, which has Chandigarh-based entrepreneur Pratap Aggarwal as its managing director. Aggarwal is an active member of the Confederation of Indian Industry (CII).

Bakshi told the media here: "We are only an engineering service provider (to AgustaWestland). We are not concerned with the (bribery) allegations."

However, one of the two foreign directors of Aero-Matrix, Guido Ralph Haschke, who is Switzerland-based, is being investigated by the Italian agency on bribery charges in the deal.

Aero-Matrix records also show links to Mauritius-based Infotech Design Systems Limited.

IDS Infotech has Satish Bagrodia, a former president of the PHD Chamber of Commerce (PHDCC) as chairman. His son, Manish Bagrodia, is also a director at IDS Infotech.

Bagrodia's office told media Friday that he had nothing to do with the controversy since IDS Infotech was managed by Pratap Aggarwal. Efforts to reach Pratap Aggarwal failed.

The defence ministry Friday said it had "initiated action for cancellation of contract for procurement of 12 AW101 helicopters for the use of VVIPs".

It also issued a formal show cause notice to AgustaWestland, a subsidiary of Finmeccanica, seeking cancellation of contract and "taking other actions as per the terms of the contract and the Integrity Pact". The company has been given seven days to reply.

The action comes a day after the government warned Finmeccanica of legal action, including blacklisting, and asked whether any slush money had been paid to fix the deal that has led to a political uproar.

The defence procurement scam came to light when the Italian government arrested Finmeccanica CEO Giuseppe Orsi Tuesday for allegedly paying bribes to clinch the chopper deal. The government launched a Central Bureau of Investigation (CBI) probe into the bribery charges on Tuesday.

India has inducted only three of the 12 AgustaWestland-101 helicopters till now, with the remaining nine slated for delivery later this year. India is so far reported to have paid part of the total amount to AgustaWestland, the Britain-based subsidiary of Finmeccanica.



(Jaideep Sarin can be contacted at jaideep.s@ians.in) 

 





 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

More Headlines

Curfew lifted in J&K after seven days

Govt. compensation cheque given to Dhule riot victim bounced

Time for Kerala media to introspect

NHRC asks cops to explain delay in lodging FIR

Sugar heals wounds faster than antibiotics

ISRO to launch seven satellites Feb 25

Government begins process to cancel VVIP chopper deal

12th plan to restore value to degrees: Planning Commission adviser

Blog comments take sheen off science online

Over 500 injured as meteor shower hits Russia

Akbaruddin Owaisi gets bail in both cases, to be released Saturday

 

Top Stories

Indians in Middle East remit home over $35 billion every year

Country needs to engage more with West Asian nations, says National Security Advisor

India needs to engage with the Middle East more than ever before as the recent dramatic developments   

UAE is India's top trading partner

China uses Halal meat to boost exports to Muslim countries

 

  Most Read

Akbaruddin Owaisi gets bail in both cases, to be released Saturday

MIM leader Akbaruddin Owaisi was Friday granted bail in both cases of hate speech in Adialabad and Nizamabad districts of Andhra Pradesh. He is likely to walk out of jail Saturday. 

No two yardsticks to deal with terror: Minister

Says Malegaon and Samjhauta blasts proved beyond doubt terrorists can be from any community

In a sharp attack on rightwing "terror", India's Water Resources Minister Harish Rawat Friday said the "law of the land" could not have two yardsticks to deal with terror  

 

  News Pick

You erred on Afzal, academics write to Indian President

Over 200 academics, writers, artists and filmmakers have written to President Pranab Mukherjee saying that he erred over the hanging of Afzal Guru and expressed deep "anguish 

Want US out, Taliban okay: Afghan women senators

Women senators from Afghanistan have said they wanted US troops out of their country and would not mind having the Taliban in the government so long as they respected the constitution. "We want the US out of Afghanistan, but as far as Taliban is concerned, any one  

Kamaal Maula Masjid/Bhojshala Controversy:

Palpable communal tension pervading MP town

Palpable communal tension is pervading Dhār town, located in the Malwa region of western Madhya Pradesh state in central

Agra to mark people's poet Nazeer Akbarabadi's birth anniversary

The poet's modest tomb in Taj Ganj will light up Friday as admirers queue up to pay homage to the 18th century poet. For most part of the year, his tomb lies in a dilapidated state. Only on  

 

Picture of the Day

Mughal Garden: While there are 120 varieties of roses across the 15-acre Mughal Gardens, this time around the main attraction are the 2,500 dahlias that will certainly grab eyeballs.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.