Alstom Unit Official Charged in Indonesian Bribe Case

A fourth executive of the Connecticut-based unit of French power company Alstom SA was accused of bribing Indonesian officials to win contracts.

Lawrence Hoskins, 62, was charged by the U.S. Justice Department in an indictment filed today in New Haven, Connecticut, with money-laundering and conspiring to violate the Foreign Corrupt Practices Act.

Charged along with Hoskins, a former senior vice president for the Asian region for the company, was William Pomponi, a former vice president of sales, who was named in an earlier indictment. The U.S. has declined to name the company. A spokesman for Levallois-Perret, France-based Alstom confirmed reports about the indictments in April.

The U.S. said the defendants paid bribes to a member of the Indonesian Parliament and officials of a state-owned electricity company to secure a $118 million contract to provide power to residents.

Two other executives, Frederic Pierucci and David Rothschild, have pleaded guilty in connection with the case.

The case is U.S. v. Hoskins, 12-cr-00238, U.S. District Court, District of Connecticut (New Haven).

Before it's here, it's on the Bloomberg Terminal. LEARN MORE