French engineering group Alstom was fined RM133 million by Swiss authorities after its employees were found to have bribed civil servants in at least three cases including the award of contracts in Malaysia.
More on the Malaysian Insider
http://www.themalaysianinsider.com/malaysia/article/french-firm-fined-rm133m-for-bribery-in-malaysia/
This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
My Blog List
Wednesday, November 23, 2011
French firm fined RM133m for bribery in Malaysia
Labels:
alstom,
bribery,
bribes,
corruption,
France,
Malaysia,
Principle 10,
Switzerland
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment