Feb 14, 2013, 03.19 PM IST | Source: PTI

Finmeccanica board meets to discuss leadership

Finmeccanica board meets to discuss leadership

Milan, Feb 13 (AP) Shares in Italian aerospace and defense giant Finmeccanica closed down 4 per cent ahead of an emergency board meeting to discuss governance following the arrest of the chief executive. The board was meeting today evening following the arrest of CEO Giuseppe Orsi, who is under investigation for the alleged payment of bribes to secure a USD 755 million contract to sell 12 helicopters to India. Orsi, who has been jailed, denies wrongdoing. The chief of Finmeccanica's unit AgustaWestland has been placed under house arrest. Shares in Finmeccanica, which is 30 per cent state-owned, dropped 4 percent. They have dropped by about half in the last three years as the company has been targeted in corruption investigations. (AP) NKP NKP

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

581.24 -7.07 -1.20%

173173

Bought today

358982

Sold today

0.62%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.