Monday, May 20th 11:02 PM IST

Chopper scam: Italian PM promises ‘correct governance’ on Finmeccanica

Feb 15, 2013

Rome: Italian Prime Minister Mario Monti has said that his government would guarantee the “correct governance” of state-controlled defence firm Finmeccanica following arrest of its chief executive on corruption charges in the Rs 3,600 crore VVIP helicopter deal with India.

“The government was able to intervene with some measures to guarantee the correct governance of the company and the whole group,” Monti said.

Mario Monti had earlier promised to do "whatever necessary to clean up" Finmeccanica. AFP

Mario Monti had earlier promised to do “whatever necessary to clean up” Finmeccanica. AFP

The prime minister had earlier promised to do “whatever necessary to clean up” Finmeccanica.

He also assured that the prosecution would do its duty in the case of Finmeccanica’s jailed ex-chief executive officer Giuseppe Orsi.

“I am sure that the prosecution in this case will do its duty as in other similar cases,” he told reporters.

Orsi on arrested by Italian agencies on Tuesday as part of their probe related to international corruption in a case involving the payment of bribes in the Rs 3,600 crore deal for 12 VVIP helicopters to India.

In February 2010, India had inked the deal to acquire the 12 three-engine AW-101 helicopters from AgustaWestland for IAF’s elite Communication Squadron, which ferries the President, PM and other VVIPs.

The deal came under the scanner of Italian agencies after allegations of kickbacks given in India surfaced.

Finmeccanica, Italy’s biggest defence contractor, appointed Alessandro Pansa as the new CEO to succeed Orsi.

Earlier, Economy Minister Vittorio Grilli had said that his ministry was working to make sure that Finmeccanica adopts a system of governance that provides management continuity, protects shareholders’ interests and guarantees transparent decision-making.

PTI

Also see

Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted:

Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures

Please do not post comments that target a specific community, caste, nationality or religion.

While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions.

Comments will be moderated for abusive and offensive language.

Please read our comments and moderation policy before posting