Alstom Agrees to Pay US$700mn Fine over Bribery Charges
17 December 2014 22:26 WIB
TEMPO.CO, Jakarta - French industrial giant Alstom has agreed to pay US$700 million to settle corruption charges related to bribes in Indonesia and other countries. The US Department of Justice has accused Alstom under the Foreign Corrupt Practices Act (FCPA) of bribing officials in Indonesia to win the US$118 million Tarahan energy contract in the early 2000s.
Alstom is accused to bribe then Chief of Commission IX Emir Moeis with US$420,000, in which Emir denied in court.
Earlier this month, US Assistant Attorney General Leslie Caldwell said that executives from Marubeni and Alstom "engaged in a multi-year scheme to pay millions of dollars to a high ranking member of the Indonesian Parliament and other officials" in exchange for the Tarahan contract. "We are actively continuing to investigate and anticipate additional law enforcement actions in the near future," said Caldwell.
Moreover, Alstom is also involved in bribe cases in various countries, such as India, Poland, Tunisia, and Brazil.
ISTMAN MP | DAILY MAIL | WALL STREET JOURNAL
