Finmeccanica CEO, Italian middlemen arrested in Indian VVIP chopper probe
Giuseppe Orsi, who was heading AgustaWestland when the deal was signed in 2010 and is currently the CEO of the main Finmeccanica group has been placed under house arrest for his role in the alleged EURO 51 million pay off to swing the deal for 12 AW 101 choppers.
The Indian Express had carried a series of stories detailing the nexus between middlemen, executives and officials that has come under probe.
The arrest is a major blow for Finmeccanica that has been making repeated statements denying that any payments were made. Hours after the arrest, the company said that its “operating activities and ongoing projects will continue as usual”.
“In addition, Finmeccanica expresses support for its Chairman and CEO, with the hope that clarity is established quickly, whilst reaffirming its confidence in the Judges,” the company statement read.
While there has not yet been any reaction from the Indian defence ministry, sources said the arrest will mount pressure for a formal probe. India's position till now has been that a formal probe cannot be started unless Italy shares official documents related to the corruption allegations.
IAF officials said that out of the 12 VVIP choppers, three have already arrived in India and are undergoing