India’s defence ministry has threatened to cancel the helicopter deal unless Finmeccanica can give assurances that no bribes were paid. Three AW101 helicopters, manufactured in Yeovil in the UK, have already been delivered to India.
Italian financial newspaper MF said on Thursday the group would make a writedown on the Indian helicopters order.
Finmeccanica, Italy’s second-largest private sector employer, was not immediately available to comment on the report.
The four-man delegation, led by Indian Ministry of Defense Joint Secretary Shri Arun Kumar Bal and Central Bureau of Investigation official Mahipal Yadav, arrived in northern Italy earlier this week and has already met judge Luca Labianca, who signed off Orsi’s arrest warrant.
The Indian official said on Thursday the team would also meet a high-ranking official at Italy’s Foreign Affairs Ministry in Rome on Thursday as well as Eugenio Fusco, the Italian prosecutor investigating the case, on Friday.
Finmeccanica said on Thursday it delayed the approval of its full-year accounts from March 12 to a new meeting to be held no later than April 30, to “evaluate the impact of recent economic events on its balance sheet.”
It said its board discussed the sale of its AnsaldoEnergia unit but no decision on this issue was taken.
The group has put AnsaldoEnergia up for sale as part of an asset disposal plan aimed at streamlining the company and avoiding credit rating downgrades.
It also named Daniele Romiti as the chief of its helicopter unit, replacing Bruno Spagnolini, who was arrested earlier in February with Finmeccanica’s former CEO as part of the probe.