Tuesday, January 09, 2018

Ex-CEO cleared in Agusta deal

Milan: An Italian appeals court on Monday acquitted former Finmeccanica president Giuseppe Orsi of bribery charges over a Rs 3,600-crore deal to sell 12 VVIP choppers to the Indian government, according to news agency ANSA.

The third court of appeal in Milan also cleared Bruno Spagnolini, former CEO of Finmeccanica's British helicopter subsidiary AgustaWestland, the Italian news agency reported. Orsi had been sentenced to four-and-a-half years in jail for false accounting and corruption, and Spagnolini to four years on the same charges.

Orsi, arrested in 2014, had resigned as chief executive of Finmeccanica, which was later renamed Leonardo. He was at the helm of AgustaWestland when the deal for the VVIP choppers was struck in 2010. In Italy, criminal sentences are not usually considered definitive until the appeals process has been exhausted.
09/01/18 Telegraph
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