Sunday, February 17, 2013

Agusta Westland Chopper SCAM: Italian execs in India bribe scandal face arraignment

Rome: Two top Italian defence executives arrested in a bribery scandal over the sale of 12 helicopters to India faced arraignment on Friday, as leaks revealed the alleged payments were routed to India via Tunisia. The former chief executive of Italian defence and aerospace giant Finmeccanica, Giuseppe Orsi, and the former head of its helicopter division AgustaWestland, Bruno Spagnolini, were due to appear before a judge.

Bribes amounting to €20 million ($27 million) were paid through two Switzerland-based intermediaries, Guido Haschke and Carlo Gerosa, who are officially fugitives, Italian media said citing investigative documents. Total bribes paid for the deal were €30 million, investigators believe.

They say payments were made through Tunisia-registered companies controlled by Haschke and Gerosa and were then transferred to accounts in India and Mauritius belonging to a company called Aeromatrix, the reports said. “The money was for intermediaries and to remunerate corrupt public officials,” Orsi’s arrest warrant was quoted by Il Messaggero daily as saying. AGENCIES
COURTESY:
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2013/02/16&PageLabel=13&EntityId=Ar01304&ViewMode=HTML

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