Finmeccanica helicopter unit backs CEO over bribe prone

LONDON Tue Feb 12, 2013 5:51pm IST

Finmeccanica Chairman and Chief Executive Officer Giuseppe Orsi poses for photographers during a convention in Rome December 18, 2012. REUTERS/Remo Casilli/Files

Finmeccanica Chairman and Chief Executive Officer Giuseppe Orsi poses for photographers during a convention in Rome December 18, 2012.

Credit: Reuters/Remo Casilli/Files

Related Topics

Stocks

   
Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

LONDON (Reuters) - Helicopter manufacturer AgustaWestland issued a statement in support of its chief executive after he was caught up in a corruption case over a contract with the Indian government.

Bruno Spagnolini, head of the helicopter business, has been placed under house arrest, a source said. Police arrested Giuseppe Orsi, CEO of parent company Finmeccanica(SIFI.MI), as part of the same inquiry.

"The company expresses its support to both of them and confirms its confidence in the judges," the statement said.

(Writing by Keith Weir, 44 20 7542 8022)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Pune Landslide

TOP SHOWCASE

WTO Customs Deal

WTO Customs Deal

Some WTO members discussing customs deal without India - sources  Full Article 

Gaza Violence

Gaza Violence

Gaza toll soars as Israel "days" from completing tunnel hunt.  Full Article 

Ebola Outbreak

Ebola Outbreak

Liberia shuts schools as Ebola virus spreads, peace corps leaves 3 countries.  Full Article 

India vs England

India vs England

Cricket - India four down and facing England defeat.  Full Article 

Tax Trouble

Tax Trouble

SpiceJet in talks with tax authorities.  Full Article 

E-commerce

E-commerce

Amazon says to invest $2 billion more in India.  Full Article 

Fed Bond Buying

Fed Bond Buying

Fed nods to firmer inflation, still focused on labor weakness.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage