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Violation Tracker UK Individual Case
Company: Alstom Power Ltd
Current Parent Company:
GE Vernova
Parent at the Time of the Penalty Announcement: General Electric
Recap of Ownership Changes: GE Vernova was spun off from General Electric in 2024
Penalty: £18,038,000
Year: 2018
Date: 19 December, 2018
Offence Group: competition-related offences
Offence Type: bribery
Violation Description: In a case involving bribery to win contracts related to a power station in Lithuania, Alstom Power Ltd was ordered to pay a total of £18,038,000 which included: a fine of £6,375,000; compensation to the Lithuanian government of £10,963,000; and prosecution costs of £700,000.
Action Type: agency action
Agency: Serious Fraud Office
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: industrial equipment
Specific Industry of Parent: power equipment
Source of Data:
(click here)
