Ex-Alstom Ethics Official Is Charged in U.K. Corruption Probe

A former Alstom SA executive, who had a senior role in ethics and compliance, became the sixth person charged by U.K. prosecutors in a long-running corruption probe.

Jean-Daniel Laine, a former Alstom vice president, appeared at a London court Tuesday facing four charges of corruption and conspiracy to corrupt in relation to the supply of trains to the Budapest Metro from January 2006 to October 2007. The company’s U.K. unit, Alstom Network UK Ltd. and its business development director during that period, Michael John Anderson, have also been charged in relation to the case.

Alstom has been plagued by global investigations for alleged corruption over the last six years in the U.K., France, Switzerland, Brazil and the U.S. The U.K. Serious Fraud Office charged Alstom’s U.K. unit last year over alleged corruption related to transportation projects in India, Poland and Tunisia.

Laine and Anderson were ordered by a London judge to next appear at Southwark Crown Court on May 26.

Laine, 68, is the sixth person to be charged by the SFO in its investigation, prosecutors said today.

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