Tag Archives | Alstom

Corruption without borders

4 September 2012 in Africa and Middle East, Americas, Asia Pacific, Europe and Central Asia, Private sector

Stories of bribery and its impact around the world, from Greece to Mexico. 39 countries are signed up to the OECD Anti-Bribery Convention, meaning that they have agreed to investigate and prosecute businesses that use corrupt practices when conducting business abroad. We will publish a new report on Thursday showing a rise in prosecutions by […]

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Truth or consequences? The problem with settlements and the World Bank’s debarment of Alstom units

25 April 2012 in Africa and Middle East, Private sector

While the year-long allegations of misconduct against the Alstom Group (ALO) have led to some significant consequences for the company – US$ 9.5 million worth of them – a lot of questions about what happened remain. At the end of February, the World Bank decided to debar two Alstom subsidiaries for three years and agreed […]

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