The UK Serious Fraud Office brought new charges Thursday against a UK subsidiary of Alstom SA and an Alstom employee for alleged corruption in a project to supply trains to the Budapest Metro.
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Qualcomm Inc. agreed to pay a fine of $975 million to regulators in China. The biggest corporate fine in the country's history resolves a 14-month investigation for anti-competitive practices.
The Serious Fraud Office said Thursday it has started criminal proceedings "against an Alstom company in the UK by written charge."
Representatives of over 30 firms were gathered in a small Beijing hotel last month to receive a stern message from the National Development and Reform Commission (NDRC) division chief, Xu Xinyu.