AgustaWestland – Orsi and Spagnolini arrested

AgustaWestland – Orsi and Spagnolini arrested

12-Feb-2013 Source:

Finmeccanica have issued a short statement confirming that Italian Police have arrested former AgustaWestland CEO Guiseppi Orsi, and his successor (and current CEO) Bruno Spagnolini.  Orsi is now Chairman and CEO of parent company Finmeccanica.

“With reference to the precautionary measures issued today towards the Chairman and CEO of Finmeccanica and the CEO of the controlled Company AgustaWestland, Finmeccanica confirms that the operating activities and ongoing projects of the Company will continue as usual.  In addition, Finmeccanica expresses support for its Chairman and CEO, with the hope that clarity is established quickly, whilst reaffirming its confidence in the Judges.”

Given the Indian press interest, we assume that this is linked to previous allegations concerning payments around the Indian VVIP AW101 order

Press comment follows

* Huffington Post – Finmeccanica CEO arrested in corruption probe

* Indian Express – AgustaWestland: Defence Ministry orders CBI probe into VVIP chopper deal

* Business Standard (India) – Govt orders CBI probe into chopper deal after Finmeccanica chief’s arrest

Jeremy Parkin –

Guiseppi Orsi


Bruno Spagnolini


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