A Chinese takeover of a drone
plant in northern Italy has broken Italy's armaments law, and
may have also infringed 'golden power' rules on strategic
companies, police sources said Thursday
Finance guard tax police have cited six managers, three Italians
and three Chinese, in the operation.
The company near Pordenone produces military drones, airplanes
and space vehicles.
Since it supplies the Italian military, it is subject to special
checks and vigilance.
Two major Chinese state-owned companies have taken a majority
stake via an offshore company.
The firm has already been in the cross-hairs of Italian tax
police for an alleged violation of an Iran arms embargo by
selling drones to the Islamic Republic.
The company has denied the charges.
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