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
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