Alstom Fined By Switzerland In Bribery Case

The Swiss Office of the Attorney General said Tuesday it closed a probe into Alstom SA, and ordered a unit to pay 38.5 million Swiss francs ($42.2 million). Alstom Network Schweiz AG, a unit of the French power engineering and train company, was fined CHF2.5 million for negligence in implementing proper controls to prevent bribery by company officials in Latvia, Tunisia and Malaysia, and it was ordered to pay an additional CHF36 million for profits connected to the negligence….

Read more: Alstom Fined By Switzerland In Bribery Case — WSJ Corruption Currents