Indonesia: Former US Exec Charged with Bribing Officials

Feature

An official with Alstom Power Inc. has pled guilty to violating the Foreign Corrupt Practices Act for bribing Indonesian officials in connection with a US$ 118 million power project.

Related Articles

Months After Estonia Drops Swedbank Case, Trove of Office Memos Show Laundering Was Open Joke
One of Tallinn’s most notorious corruption scandals came to a quiet conclusion this year when a case against Swedbank was thrown out on a technicality. But hundreds of newly released files show bank managers routinely flouted anti-money laundering protocols in an effort to assist high-flying Russian clients.
Azerbaijan's COP29 Organizers Criticized For Oil Ties, Other Potential Conflicts of Interest
In authoritarian Azerbaijan, corporate ownership records are not publicly available — and transparency campaigners have raised concerns that those tasked with leading and organizing the world’s most important annual climate event do not have to declare potential conflicts of interest under the current U.N. Framework Convention on Climate Change.
Mining Cement in Misery: The Human Cost of Paraguay’s Construction Boom
Months After Estonia Drops Swedbank Case, Trove of Office Memos Show Laundering Was Open Joke
One of Tallinn’s most notorious corruption scandals came to a quiet conclusion this year when a case against Swedbank was thrown out on a technicality. But hundreds of newly released files show bank managers routinely flouted anti-money laundering protocols in an effort to assist high-flying Russian clients.
Azerbaijan's COP29 Organizers Criticized For Oil Ties, Other Potential Conflicts of Interest
In authoritarian Azerbaijan, corporate ownership records are not publicly available — and transparency campaigners have raised concerns that those tasked with leading and organizing the world’s most important annual climate event do not have to declare potential conflicts of interest under the current U.N. Framework Convention on Climate Change.
Mining Cement in Misery: The Human Cost of Paraguay’s Construction Boom
July 22, 2014

William Pomponi, the former vice president of regional sales for the Connecticut- based subsidiary of Alstom SA of France, is the fourth defendant to plead guilty, after fellow Alstom executives Frederic Pierucci and David Rothschild and project partner Marubeni Corp. of Japan, which was fined US$ 88 million for its role in the scheme, reports The Wall Street Journal. 

alstom

Similar charges are pending against Alstom Power executive Lawrence Hoskins, who is due to face trial next year, the Journal reported.

The former executives are accused of bribing a member of the Indonesian Parliament and high-ranking members of Perusahaan Listrik Negara, the state-owned electricity company in Indonesia, in exchange for the US$ 118 million contract, known as the Tarahan project, reports Imperial Valley News.

Read other articles tagged with:

Bribery Energy Show more
David Rothschild Frederic Pierucci Lawrence Hoskins William Pomponi Show more
Alstom Alstom Power Alstom SA Imperial Valley News Indonesian Parliament Journal Marubeni Corp. Perusahaan Listrik Negara The Wall Street Journal Show more

Related Reporting