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SFO: Former global sales director of Alstom Power sentenced in bribery case

Jaclyn Jaeger | January 4, 2019

Nicholas Reynolds on 21 December, 2018, received four years and six months imprisonment and was ordered to pay costs of £50,000 (U.S. $62,930) for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai power station and senior Lithuanian politicians in order to win two contracts worth €240 million (U.S. $273 million), the U.K. Serious Fraud Office announced.

“The substantial prison sentences imposed in this case reflect the seriousness of the bribery and corruption,” SFO Director Lisa Osofsky said. “We can only hope that this may deter others tempted to resort to illicit means to win contracts. We are grateful for the assistance provided by our international partners across more than 30 countries for helping us deliver these results.”

Reynolds was convicted on 19 December, bringing to four the...

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