Italian Leonardo Involved In Multibillion Eurofighter Corruption Case In Kuwait

Wisemarko

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Italy’s Leonardo said it is not subject of a judicial investigation in relation to the Kuwait Eurofighter program (yet!😂).

The country signed a $9 billion order with Leonardo in 2016 for 28 Eurofighter Typhoon fighters. On Monday, Kuwait’s Anti-Corruption Authority said that a major general and colonel in the Army would face prosecutors in a major corruption case related to this purchase. Seems like Italians have very loose anti-bribery watchdog system.

Leonardo shares fell as much as 8% earlier on Tuesday, extending losses from the previous session, with traders attributing the drop to an investigation into the Kuwait deal.
-- Reuters

I remember reading something about Leonardo banned in India for similar corruption issue and there is always a push to sell European products over US ones. It is highly likely that there is systemic corruption and active channels in India to funnel the bribe money from Italy, France, UK and Germany (all of them look the other way when comes to defense deals).
 
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