Entries in Finmeccanica (10)
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.
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.
India will allow its military to buy from defense contractors that were previously banned because of graft allegations.
Two 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.
India has terminated a £466 million helicopter order with British-Italian company AgustaWestland International because of allegations the firm bribed officials.
The former chairman and CEO of Italian defense giant Finmeccanica went on trial Wednesday in Italy.
Company Involved: AgustaWestland
Industry Subsector: Defense
The chairman and CEO of Italian defense giant Finmeccanica, Giuseppe Orsi, has resigned following his arrest Tuesday for alleged illegal payments overseas.
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.