Top Alstom Bosses arrested

Behind bars. The Town's former Railway Works.

Three top bosses from Alstom, the French owned engineering group which sacked 500 Eastleigh railway workers in 2006, were arrested by officers from the Serious Fraud Office this morning on suspicion of bribery and corruption, conspiracy to pay bribes, money laundering and false accounting.

Earlier this morning search warrants were executed at Alstom business premises and residential addresses at locations in Warwickshire, Leicestershire, Cheshire, Shropshire, Derbyshire, Staffordshire and London. The operation involved 109 SFO staff and 44 police officers and Accredited Financial Investigators from Warwickshire, Leicestershire, Cheshire, West Mercia and Staffordshire Police Forces and the Metropolitan Police Service. The three men arrested during this operation are aged 52, 51 and 44 and included the UK company president Stephen Burgin.

The investigation by the SFO is into the suspected payment of bribes by companies within the Alstom group in the UK has been code-named Operation Ruthenium,.

Commenting on today’s action, SFO Director Richard Alderman said,

“The SFO is committed to tackling corruption. We are working closely with other criminal justice organisations across the world and are taking steps to encourage companies to report any suspicionof corruption, either within their own business or by other companies or individuals”

The Alstom company website later reported that all three men had been released without charge.

In 2006 Alstom closed the the former British Rail engineering works on Campbell road with the loss with the loss of 471 local jobs blaming an excess of capacity over the expected sales and orders.

  1 comment for “Top Alstom Bosses arrested

  1. Kevin Hayes
    March 27, 2010 at 2:39 am

    In defence of jobs and conditions workers are called extreme. Yet companies operate in ways that leave the employee with no other course but take industrial actions to survive. I am surprised that the SFO have arrested someone for corruption and bribery, but what if the whole decision about Eastleigh works that lost near 500 jobs was based on bogus figures and corrupt dealings. Elsewhere in Britain workers have been denied there democratic right by being forced to retake a secret ballot. The whole of the business system is riddled with well iffy decisions and dealings. That why we have a recession. Bankers robbed us all.

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