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Finmeccanica board member probed for illegal party financing

Defence giant under bribery investigation

16 May, 15:24
Finmeccanica board member probed for illegal party financing (ANSA) - Rome, May 16 - Franco Bonferroni, a board member of Italian defence giant Finmeccanica, is under investigation for illegal party financing, a shareholders meeting revealed Wednesday. The company has been hit by an investigation into allegations that its managers were involved in issuing false invoices and the creation of slush funds to bribe politicians.

Pier Francesco Guarguaglini, who had been Finmeccanica's chairman and CEO since 2002, was forced to resign in December after being named as one of the probed managers.

Fimeccanica is also currently linked to a bribes probe with the scandal-plagued Northern League party, whose ex-leader, Umberto Bossi, was also placed under investigation Wednesday for alleged fraud in a separate case. Chairman and CEO Giuseppe Orsi was placed under investigation three weeks ago for allegedly paying millions of euros in bribes to the League.

The Northern League and Finmeccanica have both denied kickbacks reports.