Tuesday, February 12, 2013

AW 101- Now What? Italy acts, India shivers

Neelam Mathews
Feb 12, 2013

Giuseppe Orsi, chairman and CEO of Finmeccanica and the head of its AgustaWestland helicopter unit, has been arrested following an investigation into alleged corruption involving a €560m sale of helicopters to India. The MoD, that had recently said the Italian govt had refused to share a report on the investigation and went ahead with ordering the 12 AW101 VVIP helicopters, has today ordered a CBI inquiry. The delivery of the helicopters, for which advance has been paid by the Indian government has already started.
Trading in Finmeccanica shares was suspended.

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