Former Finmeccanica CEO Pierfrancesco Guarguaglini has been placed under house arrest. (Vittorio Zunino Celotto/Getty Images)
ROME — Pierfrancesco Guarguaglini, the former CEO of Italy’s Finmeccanica, has been placed under house arrest as part of a probe by magistrates into suspected kickbacks at the firm.
Guarguaglini is suspected of involvement of the paying of bribes related to an Italian state-funded waste tracking program, known as SISTRI, on which Finmeccanica worked. SISTRI was devised to halt the illegal dumping of industrial waste in Italy.
Guarguaglini has denied any involvement in the suspected corruption, Italian new agency Adnkronos reported.
This is Guarguaglini’s second entanglement with the Italian justice system. After being investigated over allegations of false accounting at Finmeccanica — a probe which became a factor in his resignation as chairman of Finmeccanica in 2012 — he was cleared by magistrates last year. ■