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Orsi insists he'll remain at Finmeccanica

Pressure growing on CEO to resign as head of defence group

15 October, 14:48
Orsi insists he'll remain at Finmeccanica (ANSA) - Milan, October 15 - Despite rising pressure for his resignation over corruption allegations, Giuseppe Orsi intends to remain chairman and CEO of defence group Finmeccanica, his lawyer said Monday.

Orsi intends to defend himself by proving all his actions were ''only for the good of the organization'', said his lawyer Ennio Amodio. He added that Orsi would resign only if that were demanded by the Italian government.

Finmeccanica and Orsi have been under investigation over an alleged kickback scheme connected to a 560-million-euro contract involving the sale in 2010 of 12 helicopters by subsidiary AgustaWestland to the Indian government.

Finmeccanica, which is 30%-owned by the Italian government, controls AgustaWestland. The public prosecutor's office in the town of Busto Arsizio near Milan is conducting the investigation. Orsi has also denied any wrongdoing in an investigation that began earlier this year into the alleged payment of bribes to political parties.