US Justice Department charges third Alstom executive

Alstom (Euronext: ALO) executive William Pomponi has become the third person charged in a US investigation into alleged bribery in Indonesia.

He joins fellow executives Frederic Pierucci and David Rotschild who have also been charged in connection with the affair.
US Department of Justice
The men stand accused of bribing government officials in Indonesia to help secure a contract as a power-services provider. So far, one of the defendants has pleaded guilty.

Mr. Pomponi was charged with violating and conspiring to violate the Foreign Corrupt Practices Act, which prohibits bribes to foreign officials to win business, as well as money laundering.

Fox Business reports that Mssrs. Pierucci and Pomponi are charged as co-defendants, while Mr. Rothschild was charged separately and pleaded guilty to conspiring to violate the FCPA.

Among the officials alleged to have been bribed are a member of the Indonesian Parliament and high-ranking members of Perusahaan Listrik Negara, a state-owned Indonesian electricity company, in order to secure a $118m contract to provide power-related services on the Tarahan project. The bribes were allegedly funneled through two consultants to hide the payments.

For more North American power generation news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...