Alstom has reached an agreement with the U.S. Department of Justice (DOJ) to resolve the investigation into alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA). After many years of investigations and extensive
The French firm Alstom SA (ALSO.PA) has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business around the world.
Alstom Pleads Guilty and Agrees to Pay $772 Million Criminal Penalty to Resolve Foreign Bribery Charges
Largest-ever foreign bribery resolution with the Department of Justice
Alstom S.A. (Alstom), a French power and transportation company, pleaded guilty today and agreed to pay a $772,290,000 fine to resolve charges related to a widespread scheme involving tens of millions of dollars in bribes in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas.
SAO PAULO – A Brazilian court has ordered officials to block millions of dollars worth of assets of French power and transportation company Alstom and others suspected of involvement in a bribery scheme.
As mentioned in this previous post, last week the DOJ announced a $772 million FCPA enforcement action against Alstom and related entities.
A federal judge in Connecticut on Friday sentenced the French industrial company Alstom SA to pay a $772.3 million criminal fine, the largest levied by the US government in a foreign bribery case, the US Department of Justice said.
The sentencing by US District Judge Janet Bond Arterton in New Haven followed Alstom's plea on Dec. 22, 2014, to charges it violated the federal Foreign Corrupt Practices Act ("FCPA") by falsifying its books and records, and failing to implement adequate internal controls.