Jakarta Globe, February 12, 2013
 |
| Giuseppe Orsi (L), president and CEO of Finmeccanica, at Farnborough International Airshow, in Britain, on July 11, 2012 |
Related
articles
- Indian Kashmiris Chafe Under Curfew After Hanging Feb 10, 2013
- India Predicts Growth at Decade Low as Investment Slows Feb 7, 2013
- Ancient Pompeii Readies for $142 Million Makeover Feb 6, 2013
- No Business as Usual with Pakistan: Indian PM Jan 15, 2013
- New Rape Outrage in India After Attack on Seven-Year-Old in School Toilet Jan 15, 2013
Italian
police arrested the chief executive of aerospace and defense giant Finmeccanica
on Tuesday for corruption and embezzlement in relation to alleged bribes given
to the Indian government, Italian media reported.
Giuseppe
Orsi had been under investigation for months and had denied any wrongdoing in
the deal for the sale of 12 AgustaWestland helicopters to India in 2010.
The
magistrate in the case also issued an order for the head of AgustaWestland,
Bruno Spagnolini, to be put under house arrest.
Two
suspected intermediaries in the bribes who reside in Switzerland have also been
targeted with extradition requests, the reports said.
The price
of shares in Finmeccanica fell by slightly more 9.13 percent in morning trading
on the Milan stock exchange to 4.236 euros.
Finmeccanica
is not the only Italian industrial giant under investigation.
Prosecutors
last week announced they were looking at Paolo Scaroni, chief executive of
energy major ENI, over allegations of bribes paid to Algerian officials to win
contracts there.
Italy's
third largest bank, Banca Monte dei Paschi di Siena, has also been shaken by a
series of investigations over mismanagement that has forced it to seek a public
bailout.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.