An Italian court on Monday acquitted the former chief of aerospace and defence group Finmeccanica of false accounting and corruption charges, as well as the head of one of its subsidiaries.
Finmeccanica's former chief Giuseppe Orsi and the former head of the AgustaWestland subsidiary, Bruno Spagnolini, had both originally been sentenced to two years in prison in October 2014 following an investigation into the sale of 12 luxury helicopters to India's government.
Their sentences were subsequently extended to four-and-a-half years and four years respectively when the case went to appeal in April 2016.
But in December 2016, Italy's highest court annulled the sentences, arguing that the previous two rulings had differed too greatly.
Milan's third court of appeal on Monday upheld that decision, saying that the facts of the case had not been sufficiently proven.
Orsi was arrested in 2014 and resigned as chief executive of the aerospace group a short while later.
India cancelled the deal with AgustaWestland in January 2014 amid allegations that the company paid bribes to win the 556-million-euro ($662 million) contract.
The aborted deal was a severe setback for Finmeccanica, having already been hammered by the global financial crisis.
cco/spm/jh
FINMECCANICA
LEONARDO SPA
Norway suspends arms exports to UAE over Yemen war
Norway on Wednesday announced it has suspended arms and ammunition exports to the United Arab Emirates because of the nation's involvement in the Yemen war.
"The development of the armed conflict in Yemen in the autumn of 2017 has been serious and there are severe concerns for the humanitarian situation," the Norwegian Foreign Ministry said in a statement.
The UAE is part of a Saudi Ar … read more
