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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: Alstom

Two Alstom execs charged, one pleads guilty

The United States unsealed criminal charges Tuesday against one current and one former executive of French power company Alstom’s U.S. unit for an Indonesia bribery scheme.

Frederic Pierucci, 45, a French citizen and current Alstom executive in charge of sales, was charged in an indictment unsealed Tuesday in the District of Connecticut, where Alstom’s U.S.… Continue Reading

Debarment Talk From The ADB

The Asian Development Bank debarred 34 individuals last year, and 31 firms. Debarment means they’re ineligible to participate in ADB-financed, administered, or supported activities.

The ADB also cross debarred 37 firms and 12 individuals under mutual debarment agreements with the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the World Bank.… Continue Reading

Top Stories Of 2011

Some picks for the year’s hottest FCPA headlines are these:

#1: Drop in corporate enforcement actions. In 2010, 23 companies settled FCPA cases for $1.8 billion; in 2011, just 15 companies settled for $508.6 million.… Continue Reading

Breaking: Alstom, SFO In Talks

Alex Spence of The Times of London reported today that ‘a senior figure’ from Alstom met with Richard Alderman, director of the U.K.’s Serious Fraud Office.

Alstom initiated the contact, Spence’s story said.… Continue Reading

Alstom’s Swiss Banker Acquitted

A Swiss federal criminal court last week acquitted a private banker in Zurich of bribery and money laundering charges growing out of his relationship with French firm Alstom SA.

According to a report Thursday by Gabriella Broggi in BusinessWeek, Oskar Holenweger was charged with taking bribes of CHF1 million ($1.1 million) to open 163 anonymous bank accounts that Alstom used to bribe foreign officials.… Continue Reading

Code Named Ruthenium

The U.K.’s Serious Fraud Office today reported in dramatic fashion the arrest of three top executives of French industrial giant Alstom’s British unit. They’re suspected of paying bribes overseas to win contracts.… Continue Reading

Right Issue, Wrong Side?

When graft-busting becomes a political weapon, the rule of law grows weaker and corruption generally flourishes. Is that what’s happening in Venezuela? Maybe. For sure the number of high-profile opposition leaders accused of bribery and corruption is growing.… Continue Reading

Swiss Police Raid Alstom

Swiss police last week arrested a former manager of French engineering giant Alstom and searched for evidence as part of a corruption and money-laundering investigation. Offices near Zurich and in Baden were raided, as were homes in several cantons.… Continue Reading