Alstom SA executives won several billions of dollars worth of business in Saudi Arabia a decade ago by making at least $49 million in illegal payments in part through middlemen the company called “Mr. Paris” and “Quiet Man.”
The bribes were among those the French power company made in five countries over more than 10 years, prosecutors in Washington said. Alstom pleaded guilty to those charges Monday and agreed to pay $772 million to end the investigation, representing the largest criminal penalty paid to the Justice Department under the Foreign Corrupt Practices Act.
via How Alstom Executives Made Bribery Their Business for Over a Decade – Bloomberg.
