Arab Today, arab today finmeccanicas exboss sentenced to jail for corruption
Last Updated : GMT 18:42:37
Arab Today, arab today
Arab Today, arab today

Finmeccanica's ex-boss sentenced to jail for corruption

Arab Today, arab today

Arab Today, arab today Finmeccanica's ex-boss sentenced to jail for corruption

Former Finmeccanica boss, Giuseppe Orsi
Rome - AFP

The former boss of Italian aerospace and defence group Finmeccanica, Giuseppe Orsi, was sentenced Thursday by the Milan appeals court to 4.5 years in jail for false accounting and corruption, Italian media reported.

Also handed a four-year jail term on the same charges was Bruno Spagnolini, former head of AgustaWestland, a subsidiary of Finmeccanica.

The case against the two resulted from an investigation launched in 2012 into the sale of 12 luxury helicopters to India's government.

Orsi was arrested in 2014 and resigned as chief executive of the aerospace group a short while later.

India cancelled the deal with AgustaWestland in January 2014 amid allegations that the company paid bribes to win the 556-million-euro ($753 million) contract.

The aborted deal was a severe setback for Finmeccanica, having already been hammered by the global financial crisis.

In their first trial in October 2014, the two former executives were sentenced to two years in prison just on the false accounting charge. But the appeals court also ruled on corruption.

"This sentence is inexplicable," said Ennio Amodio, Orsi's lawyer on Thursday, announcing that he will file another appeal to suspend the latest court's decision.

The Milan appeals court also decided to confiscate belongings of the two men worth 7.5 milion euros ($8.5 million), RadioCor news agency reports.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finmeccanicas exboss sentenced to jail for corruption Arab Today, arab today finmeccanicas exboss sentenced to jail for corruption

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finmeccanicas exboss sentenced to jail for corruption Arab Today, arab today finmeccanicas exboss sentenced to jail for corruption

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday