ITALIAN AUTHORITIES ARREST SIEMENS AND ALSTOM EXECUTIVES

Sharecast on 23 June reported that Italian tax police have arrested 13 people, including executives of the Italian units of Siemens and Alstom, over alleged bribery in the concession of contracts for Milan’s subway.  This followed an investigation into the deals and among those arrested were officials at ATM, the Milan municipal transport company and executives at Italian IT service provider. Those arrested were accused of bribery, disrupting an auction for contracts to develop the Milan subway, embezzlement, misuse of office and forgery in public acts.

https://www.sharecast.com/news/international-companies/italy-authorities-arrest-siemens-alstom-executives–7549725.html

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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