GE acquisition of Alstom’s energy operations complicated by DOJ investigation

Former Alstom employees have been charged in connection with an alleged scheme to bribe high-ranking Indonesian officials for a $118 million energy contract

The acquisition seems perfect: General Electric (GE) is looking to purchase a piece of French engineering firm Alstom SA. But there’s only one catch, and it comes in the form of a U.S. Department of Justice (DOJ) investigation into possible Foreign Corrupt Practices Act (FCPA) violations from the firm.

Although Alstom has not revealed specifically what the investigation entails, former Alstom employees have been charged in connection with an alleged scheme to bribe high-ranking Indonesian officials. Alstom, along with other companies, received a $118 million energy contract as part of a consortium in 2004.

Assistant Editor

author image

Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.