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Alstom nearing $700 million U.S. bribery settlement - source

2014-12-16 18:58:58| Chemicals - Topix.net

Alstom SA is close to settling a bribery case with the U.S. Justice Department for $700 million , a person close to the matter said on Tuesday, in what would be the largest criminal fine levied by the United States for foreign bribery. A top Justice Department official said in a speech last month that Alstom executives along with Japanese partner Marubeni Corp for many years engaged in a scheme to pay millions of dollars in bribes to a high ranking member of the Indonesian parliament and other Indonesian officials in exchange for help in securing a $118 million contract in Indonesia.

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Category:Chemicals

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