Another person has been charged in the ongoing investigation into alleged corrupt practices at the UK branch of French engineering firm Alstom related to infrastructure contracts abroad.
Alstom UK’s president and managing director Terence Stuart Watson has become the seventh person to be charged by the UK’s Serious Fraud Office (SFO) in the investigation launched seven years ago.
The SFO accused him of corruption and conspiracy to corrupt in an attempt to win a contract to supply the Budapest metro with trains in the period between 2003 and 2008.
Watson is scheduled to appear at Westminster Magistrates' Court on 5 April to face the charge.
The SFO started investigating Alstom UK after receiving information from the Office of the Attorney General in Switzerland regarding allegations of corruption conducted by the Saint-Ouen-headquartered rail equipment and train maker the Alstom Group.
In July 2014, the SFO charged Alstom Network UK, and British nationals Graham Hill and Robert Hallett, with corruption in India, Poland and Tunisia. The case awaits trial in June 2016. In addition, the SFO charged Alstom Power, Nicholas Reynolds and Johanes Venskus with corruption in Lithuania. That matter awaits trial in January 2017. The trial of Alstom Network UK, Michael John Anderson and Jean-Daniel Lainé has been fixed for May 2017.
In 2014, Alstom, which manufactures the Eurostar trains, paid $772m (£527m) in fines to the US Justice Department for bribery related to efforts to win train contracts in various countries.