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

2014-12-16 19:18:42| Grocery - 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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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.

Tags: source million settlement nearing

 
 

Donation Deadline for AASV Foundation Auction Nearing

2014-12-11 18:38:00| National Hog Farmer

Source: American Association of Swine Veterinarians Dec. 15 is the deadline to donate items for the annual American Association of Swine Veterinarians Foundation Auction. read more

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Power REIT Lawsuit: Nearing A (Disappointing) Finish?

2014-10-31 22:07:00| Railroads - Topix.net

Recent developments in Power REIT's legal battle with Norfolk Southern continue to demonstrate Norfolk Southern's extreme confidence in its position. Power REIT hopes that the court will completely discount the 50-year performance of the lease, an argument that appears unlikely to succeed.

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New Report Shows U.S. Solar Industry Nearing 16GW of Installed Capacity

2014-09-18 16:25:00| Electrical Construction & Maintenance

The United States solar market hit a major milestone in the second quarter of this year, with more than half a million homes and businesses now generating solar energy. read more

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