facebook
twitter
search
search

Police arrest head of defense firm

Feb. 12, 2013 at 8:35 AM

MILAN, Italy, Feb. 12 (UPI) -- Italian police arrested the chief executive of Italy's largest defense and aerospace group, Finmeccanica, Tuesday in an international corruption investigation.

Prosecutor Eugenio Fusco said Finmeccanica CEO Giuseppe Orsi is under investigation in a bribery case related to the $750 million sale of helicopters to India in 2010, The Wall Street Journal reported.

Fusco said no charges have been filed against Orsi, who has denied offering bribes.

Police searched Orsi's home and offices in Milan, the Italian news agency ANSA reported.

Orsi led Finmeccanica's helicopter division, AgustaWestland, when it won a contract to supply 12 helicopters to India. Prosecutors allege about 10 percent of the deal was used for kickbacks to ensure AgustaWestland won the contract.

AgustaWestland's current CEO Bruno Spagnolini is under house arrest, ANSA said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
'Serial stowaway' arrested again at Chicago's O'Hare, Midway airports
Burt's Bees co-founder Burt Shavitz dies at 80
Encroaching sea levels endanger Pakistan's Indus Delta
Kim Jong Un had terrapin farm manager executed, says source
Hillary Clinton comments on Humans of New York photo of distraught gay youth