brazil launches criminal proceedings in alstom bribery case
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Brazil launches criminal proceedings in Alstom bribery case

Arab Today, arab today

Arab Today, arab today Brazil launches criminal proceedings in Alstom bribery case

Sao Paulo - AFP

Federal authorities have launched criminal proceedings against 11 people accused of participating in an alleged bribery scheme by French company Alstom during bidding for Sao Paulo's metro rail systems. In a statement sent to AFP, Judge Marcelo Costenaro Cavali said he had decided to prosecute the individuals -- current and former public and Alstom officials, as well as some consultants -- for corruption and money laundering. "The allegations revolve around the corruption of public servants of the state of Sao Paulo by Alstom Brazil through the payment of millions of reals," the statement said. According to the indictment, the individuals are accused of taking part in a scheme during which Alstom is alleged to have paid $10 million in bribes to obtain contracts with the Sao Paulo metro.   According to a spokesman for the federal courts, the charges are linked to a case involving several foreign firms who allegedly formed a cartel to eliminate competition and fix prices during bidding for the city's metro rail systems between 1999 and 2000. The companies allegedly involved, along with Alstom, are Germany's Siemens, Spain's CAF, Japan's Mitsui and Bombardier of Canada. However, Judge Cavali only mentioned Alstom. Last year, Brazilian judges froze assets worth $26 million in connection with the case. The investigation is based on documents from the Brazilian anti-trust authority CADE. Alstom has been operating in Brazil since 1956. In 2011, it inaugurated a new wind turbine manufacturing plant in the northeastern Brazilian city of Camacari, its first in Latin America.

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*

brazil launches criminal proceedings in alstom bribery case brazil launches criminal proceedings in alstom bribery case

 



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*

brazil launches criminal proceedings in alstom bribery case brazil launches criminal proceedings in alstom bribery case

 



GMT 11:17 2017 Friday ,13 October

Sharjah Ruler visits Frankfurt Book Fair

GMT 20:57 2017 Tuesday ,24 October

France is Egypt's strategic partner

GMT 03:45 2011 Tuesday ,08 March

11 Tweeps no need to know

GMT 05:14 2017 Wednesday ,18 October

Wildfires kill 39 in Portugal and Spain

GMT 18:19 2017 Friday ,25 August

Indonesia, Vietnam renew cooperation in education

GMT 08:14 2016 Wednesday ,07 December

7-year-old tweets Aleppo's tragedy to the world

GMT 15:36 2016 Thursday ,17 November

Bring on Djokovic! Murray braced for Tour Finals clash

GMT 13:01 2011 Wednesday ,20 July

What to look for when buying carpet
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 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

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