Finmeccanica CEO Giuseppe Orsi resigns

Former boss continues to deny wrongdoing in helicopter sale

Finmeccanica CEO Giuseppe Orsi resigns

Milan, February 15 - Giuseppe Orsi on Friday stepped down from his post as president and member of the board of directors of Italian aerospace and defence giant Finmeccanica after being arrested on suspicion of international corruption and tax fraud over the sale of helicopters to India. Orsi announced his decision in a letter presented to a preliminary investigations judge during questioning at Busto Arsizio prison near the northern city of Varese, citing the desire to "help brighten the climate created around the company" as a result of the investigations. However, he continued to deny any wrongdoing and said his actions "had always been motivated by the exclusive interest of Finmeccanica and all its subsidiaries". Orsi told the judge he had no knowledge of illegal manoeuvres concerning the 12-helicopter deal. Nor did he know the Indian Tyagi family, he said, members of which prosecutors say received bribes paid by Finmeccanica to secure the contract.

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