Tuesday, March 12, 2013

India Registers Case in Finmeccanica Probe


New Delhi:  India's top investigation agency on Wednesday registered a case of corruption, criminal conspiracy and cheating against former Indian Air Force chief S.P. Tyagi and several others as part of its probe into allegations that Italy's Finmeccanica  paid bribes to Indian officials to help the group's helicopter division get a 560-million-euro contract in 2010.
India's Central Bureau of Investigation said it has registered similar charges naming Finmeccanica and its former chief executive, Giuseppe Orsi; Finmeccanica's U.K.-based AgustaWestland unit and its chief executive, Bruno Spagnolini; two Indian companies as well as three middlemen and five other individuals who are being probed in the case.
This follows CBI's move to launch an initial inquiry on Feb. 25 into the allegations following the Feb. 12 arrest in Italy of Mr. Orsi, Finmeccanica's then-chief executive, for bribery, and a subsequent request for a probe by the Indian government.
13/03/13 R Jai Krishna/Wall Street Journal
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