Alstom's UK arm fined for bribery

Posted On: Nov. 27, 2019 7:06 AM CST

U.K.'s Serious Fraud Office has fined the local arm of French rail firm Alstom SA £15 million ($19 million) for bribery, The Business Times reported citing Agence France-Presse. Alstom Network U.K. was convicted of conspiracy to corrupt last year for paying an intermediary €2.4 million ($2.6 million) for a €80 million contract with Tunisia's transport company Transtu.