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.
The UK Serious Fraud Office said Tuesday that it charged another former Alstom executive for bribing foreign officials.
The SFO charged Jean-Daniel Lainé when he appeared at Westminster Magistrates’ Court.… Continue Reading
Since the start of the Ukraine crisis, NATO Secretary General Anders Fogh Rasmussen has called on NATO countries to increase defense spending. Poland has announced plans to accelerate a major military modernization program.… Continue Reading
Paris-based Alstom pleaded guilty Monday to bribing officials in Indonesia, Saudi Arabia, Egypt, and the Bahamas. It will pay $772 million in criminal penalties to settle the charges, the DOJ said.… Continue Reading
A Russia subsidiary of Palo Alto-based Hewlett Packard Company pleaded guilty Thursday in federal court in San Francisco to conspiracy and substantive violations of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act.… Continue Reading
Reporting corruption in Thailand just got easier with the roll out of a Thai version of a website and smartphone app.
Although a quarter of all Thais say they have to pay bribes at least once a year, the government’s Public Sector Anti-Corruption Commission (PACC) said it only receives about 4,000 complaints a year through its telephone hotline, website and walk-in center.… Continue Reading
Moldova has opened a criminal money-laundering probe connected to the alleged $230 million theft exposed by murdered Russian anti-corruption lawyer Sergei Magnitsky.
Moldova is investigating $53 million that may have laundered through banks there, London-based Hermitage Capital said Monday in a news release.
Moldova joins Switzerland, Cyprus, Latvia, and Lithuania in money-laundering investigations ‘into the trail of funds stolen from the Russian treasury with the involvement of Russian government officials and organized criminals,’ Hermitage said.… Continue Reading