us fines alstom record 772m over international bribery
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US fines Alstom record $772m over international bribery

Arab Today, arab today

Arab Today, arab today US fines Alstom record $772m over international bribery

The United States fined French energy and transport giant Alstom
New York - AFP

The United States fined French energy and transport giant Alstom SA $772 million for bribing government officials in Indonesia, Egypt and several other countries to win business, the US Justice Department said Friday.

Alstom pleaded guilty nearly a year ago to two criminal counts related to bribery and corruption under the Foreign Corrupt Practices Act.

A Connecticut district court judge on Friday formally sentenced the company to pay the fine, a record under the act, after it was agreed in December 2014 in plea negotiations.

The Justice Department said Alstom, through various units including some with a US presence, "paid bribes to government officials and falsified books and records in connection with power, grid and transportation projects for state-owned entities around the world, including in Indonesia, Egypt, Saudi Arabia, the Bahamas and Taiwan."

In Indonesia alone, the company paid bribes to high-level officials to win $375 million in contracts with the state electricity company PLN.

"In total, Alstom paid more than $75 million to secure more than $4 billion in projects around the world, with a profit to the company of approximately $300 million," the department said in a statement.

The US said the fine was high because the company refused to cooperate with its investigation for several years, and also due to "Alstom’s prior criminal misconduct, including conduct that led to resolutions with various other governments and the World Bank."

The US has also charged five company executives in the case, four of whom have pleaded guilty.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us fines alstom record 772m over international bribery us fines alstom record 772m over international bribery

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us fines alstom record 772m over international bribery us fines alstom record 772m over international bribery

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday