BeginnersMind wrote: In LaPresse In french: Enquete-en-cours-chez-bombardier-transport
clickable in French:
https://affaires.lapresse.ca/economie/transports/201702/18/01-5070873-enquete-en-cours-chez-bombardier-transport.php Google translation (with its flaws):
Police have been investigating since the fall on people who allegedly committed ethical mistakes in connection with a contract with a subsidiary of Bombardier Transportation, the Montreal-based multinational said this week.
"One of the company's subsidiaries is cooperating with the police in an investigation of unidentified suspects suspected of acting in an unethical manner," Bombardier said in its annual reports Of disclosure, published on Thursday.
The investigation is still ongoing. For the time being, no charges have been laid against the company, its subsidiary or "any of its employees", it has been specified.
"The contract ... at the origin of this situation is currently being audited by a multilateral financial institution in accordance with a contractual right," added Bombardier. The audit is continuing and no results have yet been communicated to the company or its subsidiary. The Company's policy is to comply with all applicable laws. The main multilateral institutions that finance infrastructure projects are the World Bank and the regional development banks.
"Due to the nature of these proceedings, it is not possible at this time to determine the outcome or possible consequences, if any, of the company or its subsidiary," concluded Bombardier .
"We still have very little details, but just a matter of caution, we thought it important to disclose this information," Bombardier vice president of external relations Olivier Marcil told La Presse on Friday. The company did not wish to disclose the name of the country or countries concerned.
In its annual documents, Bombardier also recalled that since March 2014 it has been among the 18 companies cited in administrative proceedings initiated by government authorities in Brazil in connection with allegations of collusion in connection with calls for tenders for Contracts in So Paulo and other parts of the country. No verdict has yet been given in these cases and Bombardier says it "intends to defend itself vigorously".
The company has ensured that, based on currently available information, it does not anticipate that the resolution of legal proceedings against it "will have a material adverse effect on its financial position".
In the past, suspicions of irregularities have plagued Bombardier in countries such as Russia, South Korea and South Africa, but the company has never been prosecuted.