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Alstom to Pay Record $772 Million for FCPA Violations
By Jaclyn Jaeger2014-12-22T11:15:00
Image: French power and transportation giant Alstom SA agreed Monday to pay $772 million to settle criminal violations of the Foreign Corrupt Practices Act, setting a record for largest FCPA settlement ever. Deputy Attorney General James Cole called Alstom’s misconduct "astounding in its breadth, its brazenness and its worldwide consequences," ...
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Former Alstom, Marubeni execs face FCPA charges in bribery scheme
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The Department of Justice unsealed an indictment against three more individuals for their role in a multi-year, multi-million-dollar foreign bribery scheme and related money-laundering scheme in Indonesia.
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In London, Compliance Officers in the Crosshairs
2015-06-23T15:45:00Z By Howard Stock
Recent cases in the United Kingdom suggest that prosecutors and regulators are increasingly willing to hold compliance officers personally liable as they wage war against corporate fraud. Inside, we look at the corruption charges brought by Britain’s Serious Fraud Office against Alstom SA and the Financial Conduct Authority’s case against ...
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Lessons to Learn From the Alstom Fiasco
2015-01-13T11:45:00Z By Jaclyn Jaeger
The record $772 million criminal penalty reached between the Justice Department and French power and transportation giant Alstom is yet another real-life example of corporate governance gone haywire. Abounding with cover-ups and an overall lack of due diligence, “The Alstom case is the antithesis of the hallmarks of an effective ...
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