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ALO Alstom

14.13
0.355 (2.58%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Alstom EU:ALO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.355 2.58% 14.13 14.04 14.27 14.265 13.815 13.835 2,228,241 16:40:00

U.K. Serious Fraud Office May File Charges Against Alstom

24/07/2014 4:40am

Dow Jones News


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The U.K. Serious Fraud Office has said it will file corruption charges against Alstom SA (ALO.FR) "imminently," after starting proceedings against two of the French engineering company's companies in the U.K., The Daily Telegraph reported on its website Thursday.

Britain's financial watchdog has spent five years looking into allegations of bribery, false accounting and money-laundering at the firm, with investigators travelling to Paris this year to interview executives, The Telegraph reported.

David Green, head of the SFO, said on Wednesday that charges will be filed against the company before he then focuses on individuals, The Telegraph reported.

"Significant developments are imminent--charges are imminent," he said. "A number of individuals are of acute interest in the investigation."

The identities of the two U.K. subsidiaries are unknown, but Alstom is a major player in Britain's rail, power and electricity transmission sectors, employing more than 6,500 people, The Telegraph said.

Newspaper website: www.telegraph.co.uk

Write to: Dennis.Baker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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