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Friday, February 22, 2013

Finmeccanica’s muddy footprints all over world

Giuseppe Orsi |Finmeccanica, the Italian conglomerate, allegedly pushed through corrupt defence deals not merely in India. Its sooty footprints cover Panama,Brazil and perhaps also Indonesia.

The Panamanian contract involved a sale of six helicopters for the Navy, radars for coastal surveillance and digital mapping system. The aggregate worth of the purchase deal was pegged at $253 million.

The then Italian Prime Minister flew down to Panama City to ink the deal with Panamanian President Ricardo Martinelli on June 30, 2010. The suppliers were AgustaWestland, Selex Sistemi and Telespazio — all subsidiaries of Finmeccanica. Panama was happy to receive six maritime patrol boats as freebies from Italy.

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