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The arrests for alleged corruption gave fuel to an already incendiary election campaign, with some candidates blaming Mario Monti technical government for not having done enough to shore up management at the company, which is 30 per cent state owned and Italy second largest industrial concern.
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Orsi has denied any wrongdoing, and Finmeccanica and AgustaWestland both issued statements supporting the executives and calling the measures Finmeccanica said operations at the company would continue normally.
Orsi lawyer, Ennio Amodio, told reporters that the arrest orders were because it decapitates two of the largest companies in our country, Italian news agencies quoted him as saying.
Ousted Ornge chief executive Chris Mazza said the extra fees were not part of a kickback scheme, and Agusta has vehemently denied any wrongdoing.
CEO of Italian company linked to Ornge arrested in corruption probe
Prosecutors in Busto Arsizio, north of Milan, ordered a search of Orsi home, as well as the headquarters of Finmeccanica AgustaWestland helicopter division.
AgustaWestland recently made headlines in Ontario when a legislative committee probing financial irregularities at Ornge learned of a controversial payment agreement with the Italian firm.
MILAN The chief executive of an Italian company linked to Ontario trouble air ambulance service was arrested in a corruption probe Tuesday.
Meanwhile, in India, the country Defence Minister has ordered a separate investigation. The ministry, in a statement, said that the deal included provisions against bribery and use of undo influence. and its executives have been the target of a wide ranging, years long investigation into alleged corruption in the awarding of international contracts. In 2011, Orsi took the helm of Finmeccanica when the previous chairman and CEO, Pier Francesco Guarguaglini, was also implicated in the bribery investigation.
Prosecutors allege that bribery was part of the philosophy, according to the Italian news agencies that obtained copies of the arrest warrant. Prosecutors also allege Orsi tried to interfere with the investigation.
2013 Italian police arrested the chief executive of Italy largest defense and aerospace group as part of an investigation into alleged international corruption. Prosecutors in the Busto Arsizio north of Milan ordered the arrest Tuesday of Finmeccanica CEO Air Max Blue And Green
The committee heard that Ornge purchased 12 helicopters from Agusta for C$144 million, only to almost immediately pay $6.7 million in upgrade fees that were not approved by the board.
The committee also heard that Agusta paid an Ornge spinoff company $6.7 million after it reached a deal on the helicopters, which included a $4.7 million agreement for marketing services.
Giusppe Orsi. Police were carrying out a search of his residence. (AP Photo/Luca Bruno, files)
then Agusta Westland Group CEO Giuseppe Orsi attending the "Intelligence on the World, Europe, and Italy" economic forum, at Villa d in Cernobbio, on the Como Lake, Italy. On Tuesday, Feb. 12, Air Yeezy Two
Monti, whose technical government has wrestled with the Finmeccanica case and pressured Orsi predecessor to resign due to other allegations, said the governance issues at the aerospace company would be dealt with soon as possible. a statement, the Treasury Ministry said internal reviews of the company procedures had revealed no irregularities, and Orsi himself had denied Blue Nike Air Max Trainers any wrongdoing. the absence of factual findings, the ministry said.
Finmeccanica CEO Giuseppe Orsi is under investigation in a case involving the payment of bribes in the US$670 million sale of 12 helicopters to the government of India.
Monti is currently leading a centrist movement in his campaign for a second term.
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