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Alstom to Pay Record $772 Million for FCPA Violations

Jaclyn Jaeger | December 22, 2014

French power and transportation giant Alstom today pleaded guilty and agreed to pay a record $772 million criminal penalty to the Department of Justice to resolve charges over violations of the Foreign Corrupt Practices Act. If approved by the court next year, it will mark the largest foreign bribery penalty in the history of the Department of Justice.

The criminal fine resolves charges that Alstom paid tens of millions of dollars in bribes to government officials in several countries in exchange for energy contracts, including in Indonesia, Saudi Arabia, Egypt, the Bahamas, and Taiwan, Deputy Attorney General James Cole stated...

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