Alstom executive Frederic Pierucci pleaded guilty Monday to an FCPA conspiracy and to a substantive FCPA offense.
Charges against Pierucci, a French citizen who headed global sales for Paris-based Alstom, were unsealed in April.
He’s the second company executive to plead guilty.
David Rothschild, a former vice president of regional sales for a Connecticut-based subsidiary, pleaded guilty late last year to one FCPA conspiracy count. His plea was unsealed in April this year.
And on Tuesday, the DOJ said another company executive, Lawrence Hoskins, formerly Alstom’s senior vice president for the Asia region, was charged in federal court in Connecticut with conspiring to violate the FCPA and to launder money, as well as substantive FCPA and money laundering offenses.
A fourth Alstom executive is also facing charges from the April indictment. William Pomponi was charged with conspiring to violate the FCPA and to launder money, and with substantive FCPA and money laundering counts.
The DOJ said the defendants and others bribed a member of Indonesian Parliament and officials at Perusahaan Listrik Negara (PLN), the state-owned electricity company.
The bribes helped Alstom and a consortium partner win a $118 million contract for the Tarahan project.
The DOJ said the defendants hired two consultants who were used to pay the bribes.
Alstom provides equipment and services for power generation and high-speed rail transport. It operates in more than 70 countries with 93,000 employees. Its ADRs trade in the U.S. pink sheets under the symbol ALSMY.PK.
The company has been under investigation in the U.K. and Switzerland for overseas bribery.
In the U.S., the FCPA conspiracy and substantive counts are punishable by up to five years in prison and fines between $100,000 and $250,000.
The money-laundering conspiracy and substantive counts carry a maximum penalty of 20 years in prison and a fine of $500,000.
Comments are closed for this article!