Italy arrests head of Italian company on charges of bribery in Defence deal

The head of Italian firm Finmeccanica, Giuseppe Orsi, has been arrested in Milan in connection with charges that bribes were paid to secure an Indian defence helicopter deal worth Rs 3600 crore.

What is the case?

It is suspected that Italian firm Finmeccanica paid bribes to Indian political parties to secure a defence deal worth Rs 3600 crore signed in 2010 for sale of 12 three-engine AW-101 AgustaWestland VVIP choppers produced by Finmeccanica’s subsidiary AgustaWestland to Indian Airforce. The matter is also being pursued by Indian Defence Ministry.

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Categories: International Current Affairs 2017

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