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Alstom Said to Face Wider Bribery Probe and Record Fine

The Justice Department is building a bribery case against Alstom SA, the French maker of trains and power equipment, that is likely to result in one of the largest U.S. anticorruption enforcement actions, according to two people with knowledge of the probe.

Alstom, which is based in Levallois-Perret, has hindered the U.S. investigation of possible bribery in Indonesia and now faces an expanded probe including power projects in China and India, prosecutors said in a related case. The company is cooperating with the Justice Department and it’s too early to estimate how large a settlement might be, Alstom said in a statement today. The stock dropped as much as 6.5 percent in Paris trading.