Entries in Alstom (23)
At Pinsent Masons regulatory conference in London a few weeks ago, David Green, the chief of the UK Serious Fraud Office, talked about how many known frauds happen on his turf. Here's a hint: Lock up the silverware because it's a growth industry.
During the third calendar quarter, there was one corporate settlement of an FCPA enforcement action and two individual resolutions. (The third quarter last year was less active, with no corporate resolutions.)
The trial of a UK subsidiary of Paris-based Alstom started Tuesday, with the Serious Fraud Office alleging in filings that the company paid $8.5 million in bribes for contracts in India, Poland, and Tunisia.
At the Cambridge Symposium on Economic Crime at Jesus College Tuesday, David Green QC, the head of the UK Serious Fraud Office, described what he called a cross section of the SFO's current caseload.
The Serious Fraud Office said Thursday it has started criminal proceedings "against an Alstom company in the UK by written charge."
A former senior executive of a subsidiary of Alstom SA, the French power and transportation company, pleaded guilty Thursday to conspiracy to violate the FCPA.
The UK's Serious Fraud Office (SFO) is pursuing its investigation of alleged corruption at Paris-based Alstom now that the Attorney General has given the agency permission to prosecute the company and former employees for alleged overseas bribery, if deemed appropriate.
Japan's Marubeni Corporation pleaded guilty Wednesday to eight FCPA charges, admitting it bribed Indonesian officials to win an electricity contract for itself and a partner, Alstom SA.