VVIP chopper scam: Finmeccanica ex-boss jailed for corruption

April 08, 2016 03:44

The former boss of Italian aerospace and defence group Finmeccanica, Giuseppe Orsi, was sentenced on Thursday by the Milan appeals court to 4.5 years in jail for false accounting and corruption over the sale of 12 luxury helicopters to India, Italian media reported.

Also handed a four-year jail term on the same charges was Bruno Spagnolini, former head of AgustaWestland, a subsidiary of Finmeccanica.

The case against the two resulted from an investigation launched in 2012 into the sale of 12 luxury helicopters to India's government.

Orsi was arrested in 2014 and resigned as chief executive of the aerospace group a short while later.

India cancelled the deal with AgustaWestland in January 2014 amid allegations that the company paid bribes to win the 556-million-euro contract.

The aborted deal was a severe setback for Finmeccanica, having already been hammered by the global financial crisis.

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