Mercoledì, 17 Ottobre 2018
ROME

Finmeccanica chief Orsi arrested in Italian graft probe

English
© ANSA

Rome, February 12 - Giuseppe Orsi, the CEO of
state-controlled Italian defence and aerospace giant
Finmeccanica, was arrested on Monday in relation to a probe into
international corruption.
Orsi is suspected of involvement in the payment of bribes
regarding the sale to the Indian government of 12 helicopters
produced by AgustaWestland, which Finmeccanica controls.
Orsi was at the helm of AgustaWestland in 2010 when it won
the contract to supply the helicopters.
The CEO, who had known he was under investigation over the
case for months, denied any wrongdoing before his arrest and
said he would only resign his post if asked to do so by the
Italian government.
Prosecutors suspect around 50 million euros of the
over-500-million-euro deal were ploughed back into kickbacks to
ensure AgustaWestland won the contract.
Police searched Orsi's home and the defence contractor's
offices in Milan on Tuesday.
AgustaWestland's current CEO Bruno Spagnolini was put under
house arrest.
Finmeccanica issued a statement expressing solidarity with
Orsi and Spagnolini and stressing that the company's operations
were continuing with "order".
Outgoing Italian Premier Mario Monti said the case revealed
"a problem with the governance" of Finmeccanica.
The company is approximately 30% owned by the Italian
state.
Orsi has also denied any wrongdoing in an investigation
into the alleged payment of bribes to political parties.
Tuesday's arrest is sensitive because it could have an
impact on the campaign for Italy's general election on February
24-25.
Orsi's appointment in May 2011 was backed by the Northern
League, an ally of then Premier Silvio Berlusconi.
Berlusconi is leading the centre-right's campaign for the
upcoming vote.

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