[sustran] U.K.’s Serious Fraud Office brings formal charges in Delhi Metro corruption case

Vinay Baindur yanivbin at gmail.com
Thu Sep 11 03:39:00 JST 2014


http://www.thehindu.com/news/national/alstom-disguised-bribe-as-consultancy-fee/article6398241.ece








*“Alstom disguised bribe as consultancy fee”*




Ajai Sreevatsan





U.K.’s Serious Fraud Office brings formal charges in Delhi Metro corruption
case

Britain’s leading fraud prosecutor on Tuesday brought corruption charges
against Alstom UK for allegedly paying a bribe of over €3 million to Delhi
Metro Rail officials in 2001.

In its submission to the Westminster Magistrates’ Court, Britain’s Serious
Fraud Office alleged that certain directors of Alstom “did corruptly give
or agree to give payments to an official or officials or other agents” of
the DMRC to secure a contract for a Train Control, Signalling and
Telecommunications System for the Delhi Metro Phase 1 (‘SYS 1’).

SYS1 was a major contract awarded at the infancy of the Delhi metro project
and has subsequently helped Alstom bag similar contracts as the metro
expanded. The company is also currently involved in the Chennai and
Bangalore metro projects.

According to the SFO, the bribes were disguised as payments in exchange for
consultancy services.

“The sum of Rs. 19,895,000 disguised as payments in respect of a
Consultancy Agreement with Indo European Ventures Pte Ltd dated 12th
September 2001 and the sum of €3,131,600 disguised as a payment in respect
of a Consultancy Agreement with Global King Technology Ltd dated 3rd May
2002,” the charge reads.

These payments, according to SFO, were intended to be “inducements or
rewards for showing favour to the Alstom Group in relation to the award” of
the DMRC contract.

The charges filed on Tuesday are part of a larger anti-corruption probe
against Alstom for projects in Poland and Tunisia as well.

Keywords: Alstom UK, corruption charges, consultancy fee, Alstom Group,
DMRC contract, Delhi Metrol Rail


More information about the Sustran-discuss mailing list