Italian police arrest two people over slush funds

Italian police arrested two former officials of the government-controlled Finmeccanica, Italy`s biggest defence and aerospace group, in an investigation into allegations of bribery and corruption.

IANS| Last Updated: Mar 25, 2014, 03:25 AM IST

Rome:Italian police Monday arrested two former officials of the government-controlled Finmeccanica, Italy`s biggest defence and aerospace group, in an investigation into allegations of bribery and corruption, media reported.

The slush funds were allegedly established through a system of false invoices created by companies controlled by the group. Police seized 28 bank accounts and two safe boxes, according to ANSA news agency.
The former chairman of Finmeccanica, Pier Francesco Guarguaglini, was also put under investigation in the case, ANSA said.