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Manager at Alstom arrested after corruption, money-laundering raid

22 August 2008 – Swiss police arrested a former manager of French engineering giant Alstom in a corruption and money-laundering probe and raided offices of the group in Switzerland, prosecutors said.

Judicial police are investigating allegations including corruption and money-laundering “against a former high-level compliance manager of Alstom,” the public prosecutor’s office said in a statement, without naming the suspect.

Police searched several premises belonging to the group in Switzerland, where the French company employs 5000 people, it said.

Swiss authorities now suspect that “payments were made, for corrupt ends, by an intermediary of Alstom Prom AG located in Baden,” Switzerland, the statement said.

It is suspected “these sums were transferred by other companies of the Alstom group to public servants or officials of various countries in cases determining the awarding of contracts.”

It added that “findings in the current investigation suggest that the case may be broadened” and the probe was looking at other suspects in the company.
Alstom is the target of a wide-ranging investigation by French and Swiss authorities over suspected bribes worth tens of millions of euros to secure tenders in Asia and South America between 1995 and 2003.

In June French judges charged a former consultant for Alstom over suspected bribes paid for lucrative contracts.

The company registered as a civil plaintiff in the case in France, claiming it may have suffered from embezzlement.