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September 9, 2014

Alstom UK paid $8.5m bribes to win contracts, says UK fraud prosecutor

The UK's Serious Fraud Office (SFO) has alleged that Alstom Network UK paid around $8.5m in bribes over a six-year period to win transport contracts in India, Poland and Tunisia.

By Samseer M

The UK’s Serious Fraud Office (SFO) has alleged that Alstom Network UK paid around $8.5m in bribes over a six-year period to win transport contracts in India, Poland and Tunisia.

Reuters reported that according to the legal filings, Alstom had bribed to win India’s Delhi Metro, tram and infrastructure deals in Warsaw and Tunis between 2000 and 2006.

These agreements were signed with Asian firms Indo European Ventures and firm Global King Technology, Sagax Engineering and Kavan BV in Poland and Construction et Gestion NEVCO in Tunisia.

"The company has been in communication with the SFO and seeks no more than a fair and appropriate resolution of the allegations made."

In July, Alstom UK was charged with six offences of corruption and conspiracy. The SFO has been investigating Alstom for five years as part of an international criminal inquiry into alleged corruption.

If declared guilty, Alstom Network UK will have to face fines or a ban from competing for public contracts in the European Union.

The Swiss Attorney General had ordered Alstom to pay $41m for corporate negligence in 2011.

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However, Alstom has declined the allegations and a company spokeswoman was quoted by Reuters as saying: "The company has been in communication with the SFO and seeks no more than a fair and appropriate resolution of the allegations made."

Alstom recently agreed to sell most of its power business to US conglomerate General Electric.

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