Alstom S.A. (World Bank chapter)

According to the February 2012 press release by the World Bank's Integrity Vice Presidency: "The World Bank Group today announced the debarment of Alstom Hydro France and Alstom Network Schweiz AG (Switzerland) - in addition to their affiliates - for a period of three years following Alstom’s acknowledgment of misconduct in relation to a Bank-financed hydropower project. The debarment is part of a Negotiated Resolution Agreement between Alstom and the World Bank which also includes a restitution payment by the two companies totaling approximately $9.5 million. In 2002, Alstom made an improper payment of €110,000, to an entity controlled by a former senior government official for consultancy services in relation to the World Bank-financed Zambia Power Rehabilitation Project. During the debarment period of Alstom Hydro France and Alstom Network Schweiz AG, Alstom SA and its other affiliates are conditionally non-debarred." (Source:  World Bank Press Release, "Enforcing Accountability: World Bank Debars Alstom Hydro France, Alstom Network Schweiz AG, and their Affiliates," February 22, 2012.)

In the World Bank Intrgrity Vice Presidency's fiscal year 2012 Annual Report, the World Bank President Jim Yong Kim stated, "the World Bank Group will continue to work with patience and perseverance on the thornier parts of fighting corruption: designing an Anti-Corruption Fund that equitably and purposefully distributes recovered assets and restitution payments to those who would benefit the most."  (Source: Integrity Vice Presidency, "Annual Report Fiscal Year 2012: Finding the Right Balance," The World Bank (October 2012), at iv.)