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Italy turns its back on $250 million deal with Panama now being questioned amid scandal

Tuesday, December 20, 2011

IItaly's foreign ministry distanced itself from multi-million dollar sales by Italian group Finmeccanica to the Panamanian government. The contracts for radars, helicopters and digital cartography are worth $250 million.

In Panama, two members of the opposition, have questioned the role of Valter Lavítola, the apparent sales manager of Finmeccanica to Panama, now a fugitive from Italian justice.

The contract was signed by the former Italian prime pinister Silvio Berlusconi and President Ricardo Martinelli.

Original source: Newsroom Panama