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 number of total convictions in relation to this conspiracy. “These individuals falsified records to avoid checks in place to prevent bribery and between them, the Alstom companies paid more than €5 million (U.S. $5,688,000) in bribes to secure the contracts,” the SFO stated.
Reynolds’ sentencing follows the conviction and sentencing of Alstom Power, its former Business Development Manager John Venskus, and former Regional Sales Director at Alstom Power Sweden AB Göran Wikström for their part in the conspiracy. Venskus was sentenced to three years and six months imprisonment on 4 May 2018. Wikström was sentenced to two years and seven months imprisonment on 9 July 2018 and was also ordered to pay £40,000 (U.S. $50,345) in costs.
Alstom Power was ordered to pay a total of £18,038,000 (U.S. $22,703,000), which included a fine of £6,375,000 (U.S. $8,024,000); compensation to the Lithuanian government of £10,963,000 (U.S. $13,798,000); and prosecution costs of £700,000 (U.S. $881,000).