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Court agreed on fines: Finmeccanica

Facing a CBI probe in India, defence systems firm Finmeccanica on Sunday claimed that an Italian court hearing the VVIP chopper scam has accepted its “request for monetary measures” in the case against its subsidiary company AgustaWestland and accordingly imposed fines of over Rs. 62 crore on it.

“Finmeccanica informs that the judge for pre-trial investigations of the Court of Busto Arsizio, has decided to grant the request for monetary measures made last July 25 by the two Finmeccanica-owned companies AgustaWestland SpA and AgustaWestland Ltd, jointly with the Public Prosecutor,” a Finmeccanica release said.

The firm claimed that “on July 25, the Italian prosecutor has discontinued investigations against Finmeccanica acknowledging the non-involvement of the company in the alleged wrongdoing.” The firm’s release said the judge has “in accordance with the said requests, decided to endorse the imposition of € 80,000 (Rs. 63.5 lakh) fine regarding AgustaWestland SpA and of € 300,000 fine (Rs. 2.38 crore), alongside the confiscation of € 7.5 million (Rs. 59.6 crore), regarding AgustaWestland Ltd.” — PTI

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Printable version | Oct 28, 2020 3:43:55 AM | https://www.thehindu.com/news/national/court-agreed-on-fines-finmeccanica/article6367632.ece

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