U.K. Prosecutor Charges Seventh Person in Alstom Investigationby
Terence Watson charged Tuesday by Serious Fraud Office
Watson charged with corruption in relation to Alstom U.K. unit
The U.K. Serious Fraud Office charged a seventh person with corruption in connection with its prosecution of French engineering company Alstom SA.
Terence Stuart Watson, who was the Alstom country president for the U.K. and managing director of Alstom Transport UK & Ireland, was charged with two counts of corruption in relation to the supply of trains to the Budapest Metro between Jan. 2003 and Dec. 2008, the SFO said in a statement Tuesday. He is scheduled to appear April 5 in a London court.
The charges stem from the SFO’s seven-year-old bribery investigation into Alstom. Two of the company’s units, Alstom Network UK Ltd. and Alstom Power Ltd., have also been charged. Watson’s case will be joined with two other defendants charged in connection with the U.K. unit, the SFO said. The SFO has split the defendants across three trials scheduled to run between June 2016 and May 2017.
A lawyer for Watson didn’t immediately respond to a request for comment.