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Alstom fined USD 772 mn against foreign bribery charges

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The US has fined French multinational Alstom SA, a record USD 772 million over international bribery charges in which the energy and transport giant bribed government officials in Indonesia, Saudi Arabia, Egypt, and Taiwan.

Alstom, which got a multi-billion contract in India to supply 800 railway engines to the Indian Railways this week had earlier pleaded guilty to the charges.

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NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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