Yeovil's AgustaWestland expresses support for senior executives linked to corruption allegations
Helicopter manufacturer AgustaWestland has expressed its support to two senior executives reportedly detained by police investigating corruption allegations.
According to reports in the financial press and Indian media, Bruno Spagnolini, CEO of AgustaWestland, was placed under "house arrest" on Tuesday.
Chairman and CEO of parent company Finmeccanica, Giuseppe Orsi, was also reportedly held this week and AgustaWestland offices in Italy were raided.
The allegations claim bribes were paid to the Indian Government to accept a fleet of 12 helicopters.
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It was been reported that Mr Orsi has denied any wrongdoing.
AgustaWestland won a £500m contract to supply the Indian Government with 12 AW101 helicopters in 2010.
A spokesman for AgustaWestland said: "With reference to the precautionary measures towards the chairman and CEO of Finmeccanica, and the CEO of AgustaWestland, the company expresses its support to both of them."