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Finmeccanica’s ex-CEO gets 4-1/2 years in jail in bribery case

An Italian appeals court sentenced former Finmeccanica chief executive Giuseppe Orsi to four and a half years in prison on Thursday for corruption and falsifying invoices, overturning a previous lower court ruling.


April 13, 2016
By Reuters

The decision is a setback to the Italian defense group at a time when current Chief Executive Mauro Moretti is looking to restore the company’s reputation, streamline its operations and cut its debt.

The trial concerned alleged bribes in a 560 million-euro ($638 million) contract awarded to Finmeccanica unit AgustaWestland in 2010 to supply 12 helicopters to India. | READ MORE

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