US says Alstom, not GE, must pay 700m-dollar bribery fine


US justice department insists the French group should pay the fine and not General Electric which recently bought Alstom's power division.

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Alstom will unexpectedly have to pay the entirety of its expected 700 million-dollar settlement with the US Department of Justice to resolve foreign bribery charges against its power unit, despite previous statements that the penalty would be paid by General Electric of the US, reports The Financial Times.