ALSTOM FINED GBP15 MILLION FOR TUNISIAN TRAM CONTRACT BRIBES
November 1st, 2019
The British subsidiary of French engineering giant Alstom has been fined GBP15 million (USD19.37 million) plus GBP1.4 million (USD1.8 million) costs over bribes it paid to win a key contract to build trams to serve the Tunisian capital Tunis. The fine comes more than a year after Alstom Network UK’s April 2018 conviction for bribery and corruption, in a case brought by the UK Serious Fraud Office (SFO). Alstom’s British subsidiary paid a Canadian shell company to be an intermediary - Construction et Gestion Nevco Inc, known as Nevco, EUR2.4 million (USD2.6 ...
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