Italy arrests defense firm chief for giving bribes to Indian government

Fourth Estate Cooperative Staff

Rome, Italy (4E) – Italy on Tuesday arrested Finmeccanica’s Chief Executive Giuseppe Orsi over corruption charges for giving bribes to the Indian government in a deal for sale of 12 AgustaWestland helicopters in 2010.

The aerospace and defense giant’s chief has denied any wrongdoing. However, the judge has ordered the authorities to keep Bruno Spagnolini, the head of AgustaWestland, under house arrest.

The court has also ordered the government to seek extradition requests for two suspected intermediaries in the bribes who are currently living in Switzerland.

Italian industrial giant Finmeccanica’s corruption scandal emerged less than a week after prosecutors announced that they were hunting for energy major ENI’s chief executive Paolo Scaroni in a bribery case to Algerian officials to win contracts in the African country.

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