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Swiss swoop on engineering giant Alstom

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Swiss swoop on engineering giant Alstom


French engineering company Alstom is again in the legal firing line following a raid on several of its Swiss branches and an arrest. Some 50 Swiss police, in cooperation with French colleagues, raided several Alstom offices as they pursue an investigation that began in 2004 into alleged corruption and money laundering.

The company made a statement following the police operation but would not confirm that one of its employees had been detained. It is alleged Alstom officials paid bribes to civil servants and decision makers, in Latin America and Asia in particular, to win contracts.

The case is investigating a number of deals allegedly worth several million euros each in bribes and kickbacks, notably on an extension to the Sao Paulo underground, from 1995 to 2003.

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