Share

Alstom assets ordered frozen in Brazil

Sao Paulo - A Brazilian court has ordered the freezing of more than $104m in assets of French energy and transportation company Alstom as part of a corruption probe, a prosecutor said Tuesday.

The court order was issued on Monday in response to a corruption case of "extreme gravity" in 1998, Sao Paulo prosecutor Jose Carlos Blat said.

The investigation seeks to prove that the company made under the table payments to Sao Paulo officials to win a no-bid energy contract, according to the Folha de Sao Paulo newspaper.

One of the officials implicated in the case is Robson Marinho, a former advisor to the Sao Paulo court of auditors and a founder of the opposition Brazilian Social Democratic Party, the main rival to the ruling Workers' Party of President Dilma Rousseff.

Blat said the contract under investigation was for building power plants in the late 1990s.

"The unethical action continues because it involves a case of corruption of extreme gravity in which in return for a contract bribes involving passive and active corruption were accepted between Mr Marinho and other public agents and Alstom," Blat said in an interview with TV Globo.

Alstom told AFP in an email that it had not been notified of the court action and reiterated that the company adheres to Brazilian law.

The firm has previously admitted that some of its employees had paid bribes for contracts in the Bahamas, Egypt, Indonesia, Saudi Arabia and Taiwan.

Alstom also is under investigation in Brazil for its alleged participation in a network of companies suspected of corruption in bidding for the Sao Paulo metro.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.03
-0.3%
Rand - Pound
23.67
-0.2%
Rand - Euro
20.22
-0.3%
Rand - Aus dollar
12.19
+0.2%
Rand - Yen
0.12
-0.1%
Platinum
979.50
+0.4%
Palladium
1,033.50
+1.0%
Gold
2,384.29
+0.0%
Silver
28.29
-2.0%
Brent Crude
90.10
-0.4%
Top 40
66,902
-2.1%
All Share
73,000
-2.0%
Resource 10
61,638
-3.5%
Industrial 25
98,321
-1.8%
Financial 15
15,650
-1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders