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Panama's top court aims to void Finmeccanica deal

Thursday, August 6, 2015

Panama's government has filed a lawsuit seeking the Supreme Court to cancel a $125 million contract with Italy's Finmeccanica that was signed under former President Ricardo Martinelli, citing corruption concerns.

Authorities suspended the contract last year, flagging suspected bribery and stating that the 19 radars ordered from Silex, a subsidiary of the Italian firm in the country, do not meet the requirements for ocean anti-drug surveillance.

Source: Reuters