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Italy arrests Siemens, Alstom executives over subway deals

Video Credit: Reuters Studio - Duration: 01:05s - Published
Italy arrests Siemens, Alstom executives over subway deals

Italy arrests Siemens, Alstom executives over subway deals

Italian tax police arrested 13 people, including executives of the Italian units of Germany's Siemens and France's Alstom, in an investigation into alleged bribery relating to Milan subway contracts, prosecutors said on Tuesday.

Ciara Lee reports

An investigation into alleged bribery relating to Milan subway contracts has led to executives from the Italian units of Germany's Siemens and France's Alstom being arrested.

Prosecutors in Italy on Tuesday (June 23) said tax police had arrested 13 people.

They also included officials at ATM, the Milan transport company.

As well as executives at Italian IT service provider Engineering Informatica.

The prosecutors said those arrested were suspected of bribery, disrupting an auction, embezzlement, misuse of office and forgery in public acts.

The companies themselves are also being investigated as Italian law holds firms liable for any crimes committed by their managers.

An Alstom spokesperson told Reuters the company had been informed about the investigation and was cooperating.

ATM said the allegations related to two of its officials.

It denied the company itself played any role.

Siemens and other firms did not immediately respond to requests for comment.

Police said they were searching homes and offices in 15 cities in connection with the investigation.




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Italy arrests Siemens, Alstom executives [Video]

Italy arrests Siemens, Alstom executives

Italian tax police arrested 13 people, including executives of the Italian units of Germany's Siemens and France's Alstom, in an investigation into alleged bribery relating to Milan subway contracts,..

Credit: Reuters Studio     Duration: 01:05Published