Alstom Executives Charged in U.S. With FCPA Crimes
A current and a former executive with a U.S. unit of French power-equipment maker Alstom SA (ALO) were charged with bribing government officials in Indonesia to win a contract.
Frederic Pierucci, 45, the current executive, was arrested April 14 at John F. Kennedy International Airport in New York, according to a statement yesterday from the U.S. Justice Department. The French national is accused of conspiracy, violations of the Foreign Corrupt Practices Act and money laundering, according to the statement.
The former executive, David Rothschild, 67, pleaded guilty in November in federal court in New Haven, Connecticut, to conspiracy to violate the FCPA, the Justice Department said.
“Alstom has been working constructively with the Department of Justice for the last two years to address any allegations of past misconduct,” Tim Brown, a company spokesman, said in an e-mailed statement. “In the meantime, the company is committed to assuring that it conducts its worldwide business fully in compliance with all laws and regulations.”
Stanley Twardy, a lawyer for Pierucci, declined to comment on the charges. Michael Jennings, a lawyer for Rothschild, didn’t immediately return a call for comment after regular business hours.
The cases are U.S. v. Pierucci, 12-00238, and U.S. v. Rothschild, 12-00223, U.S. District Court, District of Connecticut (New Haven).
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