Skip to content
Search

Latest Stories

British National Christian Michel In AgustaWestland Scam Being Extradited To India

British national, the alleged middleman in the Rs 36 billion AgustaWestland chopper deal, Christian Michel is being extradited to India from the UAE, according to the official's sources on Tuesday (4).

The official sources added that he was scheduled to be brought back to on Tuesday night from Dubai. Michel is wanted in India for legal proceedings in connection with the AgustaWestland VVIP choppers scam.


India’s federal law enforcement and economic intelligence agency the Enforcement Directorate (ED), in its charge sheet filed against Michel in June 2016, had alleged that he received Rs 2.25bn from AgustaWestland.

Michel is one among the three middlemen being investigated in the case, besides Guido Haschke and Carlo Gerosa, by the ED and another federal probe agency Central Bureau of Investigation (CBI).

Both the CBI and the ED had notified an Interpol red corner notice against Michel earlier.

India on January 1, 2014, had scrapped the contract with Finmeccanica's British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the Indian Air Force (IAF) on an alleged breach of contractual obligations and charges of paying kickbacks to the tune of Rs 4.23bn by it for securing the agreement.

The federal probe agency CBI has alleged that there was an estimated loss of Rs 26.66bn to the exchequer in the deal that was agreed on February 8, 2010, to supply VVIP choppers worth €556.262m.

More For You

Tata Sons Air India

Wilson, a New Zealander who joined Air India in July 2022, announced a five-year transformation plan to rebuild the airline

Getty Images

Tata Sons eyes leadership change at Air India, CEO Campbell Wilson's future uncertain

Highlights

  • Tata Sons holds talks with senior leaders from major UK and US airlines for possible succession to Campbell Wilson.
  • Air India and Air India Express report combined losses of Rs 10,859 crore in FY25 despite merger and fleet expansion.
  • Wilson's term runs until June 2027, but leadership change could happen sooner, says Economic Times report.

Tata Sons has begun searching for a new chief executive at Air India as the conglomerate reviews its airline leadership amid concerns over the pace of transformation and mounting financial losses.

Group chairman N Chandrasekaran has held discussions with chief executives of at least two large airlines based in the UK and the US as part of a wider search for possible successors to current Air India CEO Campbell Wilson, The Economic Times reported.

Keep ReadingShow less