Italy: Finmeccanica boss arrested in a corruption case

Italy: Finmeccanica boss arrested in a corruption case

Rome : Italy | Feb 12, 2013 at 1:41 AM PST
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he head of the group Finmeccanica aerospace and defense Giuseppe Orsi was placed under arrest Tuesday for corruption in a case of international bribery, wines alleged the Indian government for the sale of 12 helicopters Agusta Westland have Italian media reported.

Mr. Orsi, who is both president and CEO of Finmeccanica, was for several months the subject of a corruption investigation and several others including a former minister had been worried for allegedly similar.

The judge in charge of the investigation tribunal Busto Arsizio, near Milan, has also issued an arrest warrant against the boss of Agusta Westland, a subsidiary of Finmeccanica, Spagnolini Bruno, who has been under house arrest for the same reasons: international bribery, extortion, personal enrichment. Two intermediates in the alleged payment of bribes, Guido Haschke and Carlo Gerosa, who reside in Switzerland, are also the subject of arrest warrants and extradition requests to Italy.

The Italian State is the largest shareholder with 30.2% of the group's capital. This arrest comes also within two weeks of elections in Italy that could be tightened and this theme could therefore invite the campaign.

Finmeccanica is not the only major Italian company to face legal difficulties. Last week, the Public Prosecutor of Milan opened an investigation on behalf of the owner of Italian energy giant Eni, Paolo Scaroni in a corruption case in Algeria. In addition, a scandal around the 3rd-largest bank BMPS made headlines for weeks in Italy.

rsa76 is based in Karāchi, Sind, Pakistan, and is a Reporter on Allvoices.
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