Bribery Charges Unsealed Against 2 Conn. Execs.
HARTFORD, Conn. (AP) _ The Justice Department has announced foreign bribery charges Tuesday against two executives of a Connecticut-based U.S. subsidiary of a French power and transportation company.
Prosecutors said Frederic Pierucci, 45, a current executive, and David Rothschild, 67, a former executive, are suspected of bribing foreign government officials in exchange for help in securing a contract for power-related services.
According to the charges, Pierucci and Rothschild, together with others, paid bribes to officials in Indonesia, including a member of Indonesia’s parliament and high-ranking members of the state-owned and state-controlled electricity company in that country. In exchange, prosecutors allege, Pierucci and Rothschild expected those officials’ assistance in securing a contract for their company’s energy project, known as Tarahan.
Pierucci was charged in an indictment with money laundering and violating the Foreign Corrupt Practices Act and with conspiracy to commit both of those acts. Prosecutors announced that Rothschild pleaded guilty last November to conspiracy to violate the Act. They said Pierucci, a French citizen, was arrested Sunday at New York’s JFK International Airport.
The indictments did not name the company, which is not charged in the case. Alstom, a French company, said in a statement that it “has been working constructively with the Justice Department for the last two years to address allegations of past misconduct.” It went on to say that Pierucci is entitled to the presumption of innocence.
“We urge everyone to respect the judicial process, which will provide a full and fair opportunity for the facts to be adjudicated,” the statement read.
Pierucci’s attorney, Stanley Twardy, declined to comment.