Hungarian subsidiaries of Alstom currently under criminal investigation
The Hungarian subsidiaries of French electricity and rail transport company Alstom could be next in line in an investigation by the U.K.’s Serious Fraud Office (SFO) regarding alleged corruption, Reuters reported yesterday.
Although charges have not yet been filed against Alstom Hungária the proceedings would constitute the third phase of a lengthy investigation that began in the United States and spans nearly 15 years. Alstom Network U.K. has already been charged with corruption in relation to contracts unlawfully obtained in India, Poland and Tunisia and charges were also filed late last year against Alstom Power Ltd. for alleged bribery in Lithuania.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.