This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7385445.stm
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Alstom denies bribe allegations | Alstom denies bribe allegations |
(10 minutes later) | |
French engineering group Alstom has denied that it is being investigated over allegations that it paid bribes to help win overseas contracts. | French engineering group Alstom has denied that it is being investigated over allegations that it paid bribes to help win overseas contracts. |
Responding to an article in the Wall Street Journal, an Alstom spokesman said the report "was based on hypotheses and speculation". | Responding to an article in the Wall Street Journal, an Alstom spokesman said the report "was based on hypotheses and speculation". |
"Alstom stresses that no legal procedure has targeted the company in the matter of corruption," he added. | "Alstom stresses that no legal procedure has targeted the company in the matter of corruption," he added. |
Alstom is alleged to have paid to win contracts in Asia and South America. | Alstom is alleged to have paid to win contracts in Asia and South America. |
'Insinuations' | 'Insinuations' |
The Wall Street Journal alleges that the bribes were paid between 1995 and 2003 from "shell companies" based in Switzerland and neighbouring Liechtenstein. | |
The article reiterates statements or insinuations which had already appeared several months ago Alstom official | |
It says the money was then give to people working for Alstom in Singapore, Indonesia, Venezuela and Brazil. | |
In one specific case, the newspaper alleges that Swiss and Brazilian police have met to discuss suspicions that Alstom paid $6.8m (£3.5m) to help win a $45m contract to expand Sao Paulo's underground network. | |
The Alstom spokesman added that the Wall Street Journal article simply "reiterates statements or insinuations which had already appeared several months ago in various articles published in Switzerland and Germany". | The Alstom spokesman added that the Wall Street Journal article simply "reiterates statements or insinuations which had already appeared several months ago in various articles published in Switzerland and Germany". |
He further said that while a unspecified number of people employed by the firm were being questioned by Swiss authorities, they were being interviewed as witnesses in an investigation that did not target Alstom. | He further said that while a unspecified number of people employed by the firm were being questioned by Swiss authorities, they were being interviewed as witnesses in an investigation that did not target Alstom. |
Alstom makes everything from trains to power stations. | Alstom makes everything from trains to power stations. |
It enjoys annual revenues of more than 14bn euros ($22m; £11m). | It enjoys annual revenues of more than 14bn euros ($22m; £11m). |