Compliance » Former Sales Manager For Alstom Sentenced

Former Sales Manager For Alstom Sentenced

thumbnailGAVEL BLUE 420

April 23, 2020

Larry Puckett, a U.S.-based former sales manager for Alstom S.A., the multinational transport systems company, has been sentenced to two years of supervised release for his role in a scheme to bribe officials in Indonesia, Saudi Arabia, Egypt and the Bahamas. Puckett was sentenced via videoconference. He cooperated with the DOJ starting in 2015, and entered a guilty plea to one count of conspiracy to violate the Foreign Corrupt Practices Act in 2019, when he appeared before a federal court in Connecticut. Prosecutors characterized his involvement as minimal. He testified at the trial of former Alstom executive Lawrence Hoskins concerning his involvement in the bribery scheme to win the Tarahan power project in Indonesia. Alstom S.A. pleaded guilty in 2014 to violating the Foreign Corrupt Practices Act, and paid $772 million in criminal penalties to settle the charges. General Electric bought Alstom’s power business in 2015. Earlier this year, the DOJ unsealed an indictment against two former Indonesia-based Alstom executives for their alleged roles in the bribery. They were charged with substantive violations of the FCPA, as well as FCPA conspiracy and money-laundering related counts.

Read full article at:

Share this post: