CEO held in kickback probe that could lead to Finmeccanica being blacklisted in India
The arrest of Finmeccanica's chairman and CEO and the prospect that the company could be barred from doing business in India's lucrative defense market is shaking the foundations of the Italian aerospace and defense giant, which already was struggling to restructure in the wake of high debt and declining government spending in Europe. Giuseppe Orsi was held by Italian authorities on Feb. 12 as part of a corruption probe into the sale of 12 AW101 helicopters to the Indian government in ...
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