07-04-2016 20:08 via uk.news.yahoo.com

Finmeccanica's ex-CEO sentenced to 4-1/2 years in jail in bribery case

An Italian appeals court sentenced former Finmeccanica chief executive Giuseppe Orsi to four and a half years in prison on Thursday for corruption and falsifying invoices, overturning a previous lower court ruling. The decision is a setback to the Italian defense group at a time when current Chief Executive Mauro Moretti is looking to restore the company's reputation, streamline its operations and cut its debt. The trial concerned alleged bribes in a 560 million-euro ($638 million) contract awar
Read more »