The chief executive of Italian defense giant Finmeccanica has-been arrested for corruption and embezzlement over a 4,000-crore deal with India helicopter, selon reports in the Italian media. However, the Indian Defence Ministry says there's no confirmation que les arrest is linked to the deal to sell 12 helicopters to the Indian government.
Finmeccanica CEO Giuseppe Orsi HAD beens under investigation for months and denied HAD Any wrongdoing in the deal for the sale of a dozen AgustaWestland helicopters to India in 2010.
Officials in the Defence Ministry in India Say That Their own investigation of the helicopter deal HAS not exposed Any financial malpractices, and que les deal for the helicopters for use by VIPs, Including the Prime Minister, will not be impacted by the arrest in Italy.
The state-controlled Finmeccanica group has-been Investigated in Italy for three years paying for Allegedly bits in different countries and at home. The company HAS Refuted the charges.
In a statement in February, Finmeccanica Said, "AgustaWestland is not Involved in Any irregularity Regarding the supply of helicopters in India. No. instructions related to the investigations has-been served."
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