A French company has been hit with the largest ever U.S. criminal fine for foreign bribery, the U.S. Justice Department announced Monday.
Industrial conglomerate Alstom agreed to plead guilty and pay a $772 million for using bribes to win business in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas.
Federal prosecutors accused Alstom of falsifying financial records and “failing to implement adequate internal controls.”
The government said the size of the penalty should “send an unmistakable message to other companies around the world.”
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Earlier this year, anonymously sourced report said General Electric was in talks to acquire Alstom, which has power segment operations in Windsor and Milford.
