The World Bank has slapped a $9.5-million fine on the Alstom corporation, involved in the South African nuclear industry, and blacklisted two of its subsidiaries after it admitted to bribing a senior Zambian government official. The World Bank fine was imposed after Alstom admitted to an "improper payment" of €110 000 to the official for "consultancy services" when the company submitted a bid to perform bank-funded rehabilitation work on hydropower systems at Victoria Falls.
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Alstom is a Global Compact participant since 2008/03/18. It is a Member of the Working Group on the 10th Principle. Alstom was also a Gold contributor to the Foundation for the Global Compact in 2011.
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