Three men are freed in probe on corruption
Thursday 25th March 2010, 10:36AM GMT.
A Shropshire director of engineering firm Alstom and two of his colleagues have been freed without charge after being questioned by police on suspicion of bribery and corruption.
Altan Cledwyn-Davies, who is believed to live in Telford and is legal director at the firm, was one of those arrested by officers from the Serious Fraud Office yesterday along with company president Stephen Burgin and finance director Robert Purcell.
An SFO official last night confirmed that the three had been released on police bail.
They were earlier picked up as part of a series of raids on offices and homes across England, including in Shropshire.
The arrests relate to allegations of bribery and corruption, conspiracy to pay bribes, money laundering and false accounting.
The investigation centres on suspected bribes paid in the UK to influence the awarding of overseas contracts to companies in the Alstom group.
A statement on Alstom’s website today read: “Alstom has been investigated by the Swiss justice for more than three years on the motive of alleged bribery issues.
“Within this frame, Alstom’s offices in Switzerland and France have already been searched in the past years. Alstom is co-operating with the British authorities.”
Police officers from UK forces and the Swiss Federal Police have been involved in the investigation.
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