Ex-Alstom manager arrested in graft probe: Swiss authorities

0 Comments | AFP, August, 2008

GENEVA (AFP) — Police arrested a former manager of French engineering group Alstom in a corruption and money-laundering probe, Swiss prosecutors said Friday.

Judicial police are investigating allegations of dishonest management practices, corruption and money-laundering "against a former high-level compliance manager of Alstom," the public prosecutor's office said in a statement.

It did not name the former manager, but said the suspect was also a manager of Alstom Prom AG in Baden, Switzerland.

Police also searched several properties belonging to the group in Switzerland, the prosecutor's office said.

Alstom is the target of a wide-ranging investigation by French and Swiss authorities over suspected bribes worth tens of millions of euros (dollars) to...