Tom Kington
An Italian appellate court has reversed the acquittal of former Finmeccanica CEO Giuseppe Orsi on corruption charges, handing him a four-and-a-half year sentence for his role in the alleged offering of kickbacks to win an Indian helicopter contract.
Also convicted was former AgustaWestland CEO Bruno Spagnolini, who received four years.
The decision overturns a 2014 Italian court decision to acquit Orsi and Spagnolini of international corruption. At the 2014 trial, the pair had only received two year sentences for the lesser charge of false bookkeeping.
The charges related to a €560 million deal to sell 12 AW101 helicopters to India in 2010.
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