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US court slaps $772 mn penalty on France's Alstom over corruption charges

Nov 14, 2015    

Washington: The US has fined French multinational Alstom SA, a record $772 million over international bribery charges in which the energy and transport giant bribed government officials in Indonesia, Saudi Arabia, Egypt, and Taiwan.Alstom, which got a multi-billion contract in India to supply 800 railway engines to the Indian Railways this week had earlier pleaded guilty to the charges.Its widespread corruption scheme involved at least $75 million in secret bribes paid to government officials in countries around the world, including Indonesia, Saudi Arabia, Egypt, the Bahamas and Taiwan.A Conn...

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