Italian defence firm Finnmeccanica boss Orsi resigns
London: The chairman and chief executive of the Italian defence firm Finnmeccanica has stepped down from his post, following his arrest in Italy as part of a corruption scandal involving the sale of helicopters to the Indian government.
Giuseppe Orsi, who has denied the allegation, is facing allegations that the Agusta Westland unit of the Italian firm used bribes to gain the Indian contract, worth 750 million dollars, for 12 helicopters in 2010, BBC News reports.
According to India’s defence ministry, payments to Finnmeccanica would be frozen while the Central Bureau of Investigation (CBI) carried out its probe into the controversial aircraft deal.
A legal notice to cancel the Finnmeccanica aircraft contract had been issued by the defence ministry, the report added.
The aircraft, of which three had already been delivered, were to be used for the purpose of transporting India’s top politicians, including the president and the prime minister.
Announcing his decision to resign in a letter, Orsi said that he had always worked for the interest of the firm and its subsidiaries, and added that he wanted to calm the atmosphere at Finnmeccanica by resigning.
More from India
More from World
More from Sports
More from Entertaiment
- Security guard beats woman journalist publicly in Pakistan
- Pakistan violates ceasefire in J&K's Hiranagar; 7 Pak Rangers killed, BSF jawan injured
- ISIS terrorists escape Mosul disguised in women's clothing
- DNA: Analysing the existing poor condition of Indian education system
- DNA: Pakistan violates ceasefire in J&K's Hiranagar; Seven Pak Rangers killed
- Navjot Singh Sidhu out on zero to Waqar Younis in 1990 – The match Kapil Sharma keeps talking about
- MS Dhoni reacts in astonishment as Axar Patel takes a stunning one-handed catch - VIDEO
- BSP shrugs off Rita Bahuguna 's jump; says BJP will still face defeat in UP polls
- MS Dhoni or Virat Kohli? Here's Virender Sehwag's best ever reply
- Sushant Singh Rajput’s former girlfriend Ankita Lokhande’s Karva Chauth photos will surprise you