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Italian Business Hit by Scandal Before Elections
With an election just days away, a corruption scandal continues to envelop Finmeccanica. The Italian defence group has replaced its CEO Giuseppe Orsi concerning a $750 million helicopter deal with India. Orsi has been arrested and questioned by Italian police over allegations Finmeccanica paid bribes to swing the deal for the sale of 12 luxury helicopters. Orsi has resigned as chairman of the firm.
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