Free press releases distribution network?

More news: Government/B2G
Agency / Source: ALSTOM

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Alstom Announces Agreement Between Alstom and the U.S Department of Justice - Alstom has reached an agreement with the U.S. Department of Justice (DOJ) to resolve the investigation into alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA) - Alstom.com
Alstom Announces Agreement Between Alstom and the U.S Department of Justice

 

PRZOOM - /newswire/ - Levallois-Perret, Hauts-de-Seine, France, 2014/12/22 - Alstom has reached an agreement with the U.S. Department of Justice (DOJ) to resolve the investigation into alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA) - Alstom.com. FR0010220475; ALO

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Government/B2G Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

After many years of investigations and extensive discussions with the authorities, two US subsidiaries, Alstom Power Inc. and Alstom Grid Inc. (formerly known as Alstom T&D Inc.), have agreed to enter into deferred prosecution agreements with the DOJ relating to FCPA charges. If the two US subsidiaries fulfil the terms of their deferred prosecution agreements, all criminal charges will be dismissed against them at the end of three years. An Alstom subsidiary, Alstom Network Schweiz AG (formerly known as Alstom Prom AG), has agreed to plead guilty to FCPA antibribery charges. In relation to these underlying charges, Alstom S.A. has agreed to plead guilty to violating the books and records and internal controls provisions of the FCPA and to pay a fine of approximately USD 772 million. The DOJ has also stipulated that no part of the fine can be passed on to General Electric as part of the projected sale of Alstom’s energy businesses.

“There were a number of problems in the past and we deeply regret that,” said Alstom CEO Patrick Kron. “However, this resolution with the DOJ allows Alstom to put this issue behind us and to continue our efforts to ensure that business is conducted in a responsible way, consistent with the highest ethical standards.”

Alstom (alstom.com) has made significant progress in the area of compliance over the last several years. The conduct referred to in the agreement mainly arose from the use of external success fee based Sales Consultants hired by Alstom to support its commercial teams. In order to ensure that Alstom strives for the best compliance procedures, Alstom has discontinued the hiring of such Sales Consultants. Further, pursuant to a negotiated resolution agreement with the World Bank, Alstom committed in Feb 2012 to continue to improve its internal compliance programme, including by retaining a monitor to oversee its efforts in this regard. To date, the work of the Monitor has confirmed that Alstom has put in place a Corporate Compliance Programme that reflects the principles embedded in the WBG's Integrity Compliance Guidelines.

As indicated during the recent shareholders’ meeting where the transaction with General Electric on Alstom’s energy businesses was approved, the combination of the positive adjustments arising from commercial discussions with General Electric on various deal points and of the resolution of the DOJ investigation will not have a material impact on the overall economics of this transaction.

Investor Relations: Delphine Brault / Anouch Mkhitarian
T: +33(0)1 41 49 26 42 / 25 13
E: delphine.brault[.]chq.alstom.com / anouch.mkhitarian[.]chq.alstom.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Government/B2G Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ALSTOM

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Government/B2G articles,
CATCH Visitors via Your Competitors Announcements!


Alstom Announces Agreement Between Alstom and the U.S Department of Justice

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Alstom | DOJ
Contact: Virginie Hourdin - Alstom.com 
+33(0)1 41 49 21 36 virginie.hourdin-bremond[.]chq.alstom.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ALSTOM securities in any jurisdiction including any other companies listed or named in this release.

Government/B2G via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From ALSTOM / Company Profile


Read Government/B2G Most Recent Related Press Releases:

DCNS Present At Exponaval 2016 from 29 November to 2 December, Chile
Resolver Named to Deloitte’s Technology Fast 50™ and Fast 500™ List for 2016
Social Security Announces 0.3 Percent Benefit Increase for 2017
Social Security Publishes Final Rule to Revise Medical Criteria for Evaluating Mental Disorders
DCNS Floats A New FREMM Frigate
DCNS Delivers the Second Mistral-class Helicopter Carrier to the Egyptian Navy, the LHD Anwar El Sadat
Resolver to Showcase Newest Command Center Applications Command Dispatch and Officer Mobile At The 62nd ASIS Annual Seminar and Exhibits
Social Security Board of Trustees - Long-Range Projection Unchanged for Trust Fund Reserve Depletion
DCNS Proud to Partner on Floating Maine’s Aqua Ventus Offshore Wind Project
Social Security Combats Homelessness and Helps Veterans Access Benefits

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today