Economics

Alstom to Pay Record $772 Million in U.S. Bribery Settlement

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Alstom SA pleaded guilty and agreed to pay a record $772 million to end a U.S. Justice Department investigation into bribes paid to win power-plant contracts in Indonesia and the Middle East.

U.K. authorities also charged another unit today for paying bribes in Lithuania. The U.S. fine is the largest criminal penalty paid to the Justice Department under the Foreign Corrupt Practices Act, eclipsing the $450 million paid by Siemens AG in