Corruption Investigations
On 8 December 2005 Mexican authorities (Secretaría de la Función Pública) imposed a 27,000 USD penalty and disqualified Alstom from obtaining contracts from the federal government for two years after it was revealed that the company had made deposits to the overseas accounts to the Director General and Deputy Director in order to win contracts worth 2.8 million USD.
6 May 2008 French authorities investigated Alstom after the Wall Street Journal reported that the company had paid hundreds of million dollars in bribes to win contracts in Asia and South America between 1995 and 2003. French authorities said the investigation was the result of information provided by the Swiss Government in May 2007. Alstom initially denied it was under investigation for bribery in reference to South American and Asian contracts. In one case, the WSJ alleged that Alstom paid $6.8m (£3.5m) in bribes to win a $45m contract to expand São Paulo's underground network.
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Famous quotes containing the word corruption:
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—Friedrich Nietzsche (1844–1900)