Entries in Alstom (14)
Did someone say FCPA enforcement had slowed down? Look again.
The United States unsealed criminal charges Tuesday against one current and one former executive of French power company Alstom's U.S. unit for an Indonesia bribery scheme.
By all accounts, Walmart's appetite for growth in Mexico was insatiable. The drive to dominate the retail market there, according to the New York Times, allegedly led the company to pay $24 million in bribes to fast track store permits.
The Asian Development Bank debarred 34 individuals last year, and 31 firms. Debarred means they're illegible to participate in ADB-financed, administered, or supported activities.
Miller and Chevalier's FCPA Winter Review 2012 noted a couple of significant enforcement actions in Europe in late 2011.
Some picks for the year's hottest FCPA headlines are these:
Alex Spence of The Times of London reported today that 'a senior figure' from Alstom met with Richard Alderman, director of the SFO. Alstom initiated the contact, Spence's story said.
Our list of the ten biggest corporate FCPA cases of all time hasn't changed since April, when Johnson & Johnson's $70 million settlement came on as number 10.
A Swiss federal criminal court last week acquitted a private banker in Zurich of bribery and money laundering charges growing out of his relationship with French firm Alstom SA.