Skip to content

Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Ex Finmeccanica boss Orsi cleared of India bribery

An Italian court Thursday sentenced the former head of Finmeccanica, Giuseppe Orsi, to two years in prison for false bookkeeping. But he was acquitted of international corruption related to a $712 million deal to sell 12 helicopters to India in 2010.… Continue Reading

More Finmeccanica execs arrested for bribery

Lorenzo Borgogni, former head of external relations at Finmeccanica; courtesy of YouTubeTwo former managers of Finmeccanica SpA, Italy’s state-controlled defense and industrial group, have been arrested over allegations of international corruption connected to a tracking system for waste-hauling trucks.… Continue Reading

Are integrity-related issues, like bribery, appropriate for arbitration?

An interesting aspect of the dispute that has arisen between AgustaWestland and the Indian government for the supply of 12 helicopters is the status of the arbitration agreement.

As the FCPA Blog has reported, the Indian government has rejected AgustaWestland’s contentions that the contract cannot be terminated until the conclusion of arbitration on the grounds that integrity-related issues are not subject to such dispute resolution.… Continue Reading

India nixes AgustaWestland helicopter deal over bribery claims

Photo from the website of AgustaWestland International Ltd.India has terminated a £466 million helicopter order with British-Italian company AgustaWestland International because of allegations the firm bribed officials.

New Delhi said on Wednesday that it had formally terminated a contract for the supply of 12 AW-101 transport helicopters because AugustaWestland had breached a ‘pre-contract integrity pact,’ but it declined to give further details.… Continue Reading

Can anyone navigate the India defense blacklist?

India’s emergence as the largest importer of weapons in the world has coincided with well-intentioned efforts to clean up a procurement process with a history of bribery problems.

However, a blacklist system to ban errant arms dealers has potentially weakened efforts to modernize India’s outdated military and done little to actually stem corruption.… Continue Reading

Finmeccanica boss Orsi on trial in Milan

Photo courtesy of Wikimedia CommonsThe former chairman and CEO of Italian defense giant Finmeccanica went on trial Wednesday in Italy.

Giuseppe Orsi is charged with fraud and corruption. Prosecutors say he bribed Indian officials to win a 2010 contract to produce a dozen helicopters for use by India’s political leaders.… Continue Reading

Global Contagion Report: AgustaWestland

Country: India

Company Involved: AgustaWestland

Industry: Industrials

Industry Subsector: Defense

Official Involved: V.S. Saini, Air Force brigadier

Enforcement Action: Investigation

Summary: In the course of probing an allegedly corrupt helicopter supply contract between the Indian military and Finnmeccanica subsidiary AgustaWestland, Italian investigators uncovered evidence that may point to a separate scam surrounding helicopter procurement.… Continue Reading

Orsi out at Finmeccanica

Photo courtesy of Finmeccanica USAThe chairman and CEO of Italian defense giant Finmeccanica, Giuseppe Orsi, has resigned following his arrest Tuesday for alleged illegal payments overseas.

He has also left Finmeccanica’s board, according to a report from Reuters.… Continue Reading

Finmeccanica chief arrested for India bribes

Giuseppe Orsi, chairman and CEO of Finmeccanica (Photo courtesy of Wikipedia)The head of Italian defense firm Finmeccanica SpA was arrested Tuesday by Italian police on allegations that he bribed Indian officials to win sales of helicopters.… Continue Reading