Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Bribery scandal hits ex-Finmeccanica bosses

Share this article

Bribery scandal hits ex-Finmeccanica bosses
Bribe photo: Shutterstock
16:43 CET+01:00
The financial police on Monday announced the arrest of two former executives of Finmeccanica, Italy’s aerospace and defence giant, as part of an international bribery operation.

Lorenzo Borgogni, the company’s former director of external relations, was put under house arrest along with Stefano Carlini, the ex-director of operations of Selex Service Management, a unit of Finmeccanica. The pair is accused of paying bribes and siphoning money off to foreign bank accounts, Rai News reported.

Rome businessmen Vincenzo Angeloni and Luigi Malavisi have also been arrested for their alleged role in the bribery, while Finmeccanica’s former president, Pier Francesco Guarguaglini, is part of the broader investigation.

Those arrested are thought to have created a system of false invoicing between Selex and other companies, Rai News said. To cover up the bribes they allegedly created false businesses in the US state of Delaware and deposited money in Switzerland.

Police have seized 28 bank accounts and two safe-deposit boxes as part of the ongoing investigation, Rai News reported.

Further afield, Finmeccanica is currently embroiled in a corruption scandal in India, with its helicopter company AgustaWestland facing accusations of paying €50 million in bribes to win a government contract.

READ MORE: India in Italy court battle over helicopter deal

Don't miss a story about Italy - Join us on Facebook and Twitter.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university tackling the challenges of tomorrow

Ranked among the world’s best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement