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#VVIP: India cancels $770 million AgustaWestland helicopter deal

India has cancelled its controversial $770 million military helicopter deal with Italy’s AgustaWestland, according to reports.

The Indian government earlier this year froze payments for 12 AW101 helicopters meant to transport VIP’s after AgustaWestland executives were found to have paid bribes to Indian officials to secure the deal.

Defence Minister A.K. Anthony has said he did not believe AgustaWestland’s denial that it paid bribes to swing the deal.

AgustaWestland denies any wrongdoing.

A spokesman for AgustaWestland’s parent company Finmeccanica declined to comment on the scrapping of the deal.

India’s defence ministry, which is expected to issue a statement on Wednesday, was not immediately available for comment.

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