The SFO’s decade-long investigation of Paris-based Alstom ended Monday with the sentencing of a UK subsidiary for bribery in Tunisia.… Continue Reading
A former global sales director for Alstom Power Ltd was jailed for four years and six months Friday for his role in a conspiracy to bribe Lithuanian officials to win two contracts worth $274 million.
Former Alstom executive Nicholas Reynolds was found guilty Wednesday in a UK court for his role in bribing Lithuanian officials for power station contracts.
Reynolds, 53, a UK citizen, was the global sales director for Alstom Power Ltd’s boiler retrofits unit.
He was convicted in the Blackfriars Crown Court in London of conspiracy to bribe officials in a Lithuanian power station and senior Lithuanian politicians in order to win two contracts worth $274 million to perform upgrades, the SFO said.
Alstom companies paid more than $5.7 million in bribes to secure the contracts.… Continue Reading