🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Bombardier employee arrested in Sweden on suspicion of bribery

Published 2017-03-10, 08:16 a/m
© Reuters.  Bombardier employee arrested in Sweden on suspicion of bribery
BBDb
-

STOCKHOLM, March 10 (Reuters) - Swedish prosecutors said on Friday they had arrested an employee of Canadian aircraft and train maker Bombardier BBDb.TO on suspicion of bribing Azerbaijani officials in a 2013 railway procurement deal.

Prosecutors said a 37-year-old Russian man had been arrested on suspicion of bribery and that several Bombardier employees were suspected of colluding with Azerbaijani officials.

"Despite the fact that Bombardier was in fifth place in terms of price, they won the 2013 tender when competitors that had offered a better price were disqualified by the rail authority in Azerbaijan," prosecutors said in a statement.

Prosecutors said they had obtained evidence in the form of emails after a raid at Bombardier in Sweden last October.

A Bombardier spokeswoman confirmed an employee had been questioned by police, but declined to give further comment.

"We will cooperate fully with the authorities," said Barbara Grimm, Bombardier's head of communication for Railway Control Solutions.

The arrested man's lawyer was not available for immediate comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.