The UK Serious Fraud Office said Tuesday that it charged another former Alstom executive for bribing foreign officials.
Entries in Tunisia (9)
The trial of a UK subsidiary of Paris-based Alstom started Tuesday, with the Serious Fraud Office alleging in filings that the company paid $8.5 million in bribes for contracts in India, Poland, and Tunisia.
The Serious Fraud Office said Thursday it has started criminal proceedings "against an Alstom company in the UK by written charge."
The United States unsealed criminal charges Tuesday against one current and one former executive of French power company Alstom's U.S. unit for an Indonesia bribery scheme.
Miller and Chevalier's FCPA Winter Review 2012 noted a couple of significant enforcement actions in Europe in late 2011.
The Arab Spring showed the power of social media and grass-roots transparency.
A by-product of the type of regime changes seen recently in Tunisia and Egypt, and appearing likely in Libya, is a wave of overseas asset traces.
Pre-emptive asset freezes would trigger regime changes and potential shifts in regional balances of power. That's too much blow back for Switzerland or individual countries to risk, unless they're acting according to international norms and expectations.
By the time of Ben Ali's hasty departure from Tunisia, he'd ruled the country for 23 years and reportedly had expropriated for himself and his family about a third of the country's economy.