Italian police arrest two people over slush funds

Last Updated: Tuesday, March 25, 2014 - 03:25

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.

lorenzo borgogni, former director of external relations for finmeccanica, and stefano carlini, chief operating officer subsidiary selex, were arrested along with two entrepreneurs in rome, xinhua reported.

the investigation, part a long-running case involving centered on allegations that slush funds set up foreign tax havens to pay secret commissions.
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.

IANS

First Published: Tuesday, March 25, 2014 - 03:25

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