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FCPA Blog Daily News

Entries in AgustaWestland (11)

Tuesday
Oct142014

Ex Finmeccanica boss Orsi cleared of India bribery

An Italian court Thursday sentenced the former head of Finmeccanica, Giuseppe Orsi, to two years in prison for false bookkeeping. But Orsi was acquitted of international corruption related to a $712 million deal to sell 12 helicopters to India in 2010.

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Monday
Oct062014

Ex Finmeccanica CEO casts himself as graft fighter felled by palace intrigue

Former Finmeccanica CEO Giuseppe Orsi is on trial in an Italian court for offering bribes to officials in India to win a $700 million helicopter contract.

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Tuesday
Mar252014

More Finmeccanica execs arrested for bribery

Lorenzo Borgogni, former head of external relations at Finmeccanica; courtesy of YouTubeTwo former managers of Finmeccanica SpA, Italy's state-controlled defense and industrial group, have been arrested over allegations of international corruption connected to a tracking system for waste-hauling trucks.

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Tuesday
Mar042014

India puts hold on Rolls Royce deals pending graft probe

India has put on hold all existing and new deals with U.K.-based Rolls-Royce pending completion of an investigation into allegations of bribery.

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Tuesday
Jan072014

Are integrity-related issues, like bribery, appropriate for arbitration?

An interesting aspect of the dispute that has arisen between AgustaWestland and the Indian government for the supply of 12 helicopters is the status of the arbitration agreement.

As the FCPA Blog has reported, the Indian government has rejected AgustaWestland's contentions that the contract cannot be terminated until the conclusion of arbitration on the grounds that integrity-related issues are not subject to such dispute resolution.

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Friday
Jan032014

India nixes AgustaWestland helicopter deal over bribery claims

Photo from the website of AgustaWestland International Ltd.India has terminated a £466 million helicopter order with British-Italian company AgustaWestland International because of allegations the firm bribed officials.

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Tuesday
Oct222013

Can anyone navigate the India defense blacklist?

India’s emergence as the largest importer of weapons in the world has coincided with well-intentioned efforts to clean up a procurement process with a history of bribery problems.

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Thursday
Jun202013

Finmeccanica boss Orsi on trial in Milan

Photo courtesy of Wikimedia CommonsThe former chairman and CEO of Italian defense giant Finmeccanica went on trial Wednesday in Italy.

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Tuesday
Apr092013

Global Contagion Report: AgustaWestland

Country: India

Company Involved: AgustaWestland

Industry: Industrials

Industry Subsector: Defense

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Friday
Feb152013

Orsi out at Finmeccanica

Photo courtesy of Finmeccanica USAThe chairman and CEO of Italian defense giant Finmeccanica, Giuseppe Orsi, has resigned following his arrest Tuesday for alleged illegal payments overseas.

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Tuesday
Feb122013

Finmeccanica chief arrested for India bribes

Giuseppe Orsi, chairman and CEO of Finmeccanica (Photo courtesy of Wikipedia)The head of Italian defense firm Finmeccanica SpA was arrested Tuesday by Italian police on allegations that he bribed Indian officials to win sales of helicopters.

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