By VIVEK RAGHUVANSHI
NEW DELHI — Italian company AgustaWestland said Friday it will invoke arbitration over the scandal-plagued $720 million sale of AW101 helicopters to India.
AgustaWestland likely will seek arbitration through an Indian court, though no executive of the company would say what their next step would be.
The Indian government halted the contract to buy 12 AW101 helicopters earlier this year after Giuseppe Orsi, then CEO of AgustaWestland parent company Finmeccanica, was arrested in Italy and charged with paying bribes to secure the Indian deal while he was CEO of AgustaWestland. New Delhi stopped payments on the contract and referred the matter to the Central Bureau of Investigation. The corruption charges are under investigation separately in Italy and India.
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