BN 01/23 19:49 *SAO PAULO SAID TO SEEK TO CANCEL ALSTOM BRAZIL CO. REGISTRATION
BN 01/23 19:49 *SAO PAULO SAID TO SEEK TO HALT ALSTOM OPS IN BRAZIL
BN 01/23 19:49 *SAO PAULO SAID TO HAVE REQUESTED DOCUMENTS FROM SWISS GOVT
BN 01/23 19:49 *SAO PAULO PROSECUTORS SAID TO PREPARE REQUEST AGAINST ALSTOM
BN 01/23 19:49 *SAO PAULO SAID TO SEEK TO HALT ALSTOM OPS IN BRAZIL
BN 01/23 19:49 *SAO PAULO SAID TO HAVE REQUESTED DOCUMENTS FROM SWISS GOVT
BN 01/23 19:49 *SAO PAULO PROSECUTORS SAID TO PREPARE REQUEST AGAINST ALSTOM
Brazil Prosecutors Said to Seek Order Against Alstom
2014-01-23 19:50:42.941 GMT
By Denyse Godoy
Jan. 23 (Bloomberg) -- Sao Paulo state’s public prosecutor
is preparing to ask a judge to halt Alstom’s operations in
Brazil and cancel the company’s registration in the country,
according to a government official familiar with the case who
asked not to be named because the plans aren’t public.
* Prosecutors are awaiting depositions, banking records and
other documents requested from Swiss officials before moving
forward with the request
* Prosecutors have already received depositions from French
officials regarding alleged bribery
* NOTE: Alstom is accused of paying bribes in 1998 to extend a
1983 government contract to provide equipment for subway
power stations in Sao Paulo city
* NOTE: Some Alstom executives and ex-officials are also the
subject of a criminal investigation regarding the bribery
probe
* “Alstom vehemently repudiates any insinuation that there is
a company policy of irregular payments to obtain
contracts,” the company’s press office in Sao Paulo said in
an e-mailed statement. “Alstom has never refused to provide
any clarifications requested by authorities.”
Link to Company News:{ALO FP <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Denyse Godoy in Sao Paulo at +55-11-3048-4636 or
dgodoy2@bloomberg.net
To contact the editor responsible for this story:
Jessica Brice at +55-11-3048-4533 or
jbrice1@bloomberg.net
2014-01-23 19:50:42.941 GMT
By Denyse Godoy
Jan. 23 (Bloomberg) -- Sao Paulo state’s public prosecutor
is preparing to ask a judge to halt Alstom’s operations in
Brazil and cancel the company’s registration in the country,
according to a government official familiar with the case who
asked not to be named because the plans aren’t public.
* Prosecutors are awaiting depositions, banking records and
other documents requested from Swiss officials before moving
forward with the request
* Prosecutors have already received depositions from French
officials regarding alleged bribery
* NOTE: Alstom is accused of paying bribes in 1998 to extend a
1983 government contract to provide equipment for subway
power stations in Sao Paulo city
* NOTE: Some Alstom executives and ex-officials are also the
subject of a criminal investigation regarding the bribery
probe
* “Alstom vehemently repudiates any insinuation that there is
a company policy of irregular payments to obtain
contracts,” the company’s press office in Sao Paulo said in
an e-mailed statement. “Alstom has never refused to provide
any clarifications requested by authorities.”
Link to Company News:{ALO FP <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Denyse Godoy in Sao Paulo at +55-11-3048-4636 or
dgodoy2@bloomberg.net
To contact the editor responsible for this story:
Jessica Brice at +55-11-3048-4533 or
jbrice1@bloomberg.net