French and Swiss authorities are investigating whether Alstom SA, a Paris-based engineering giant, paid hundreds of millions of dollars in bribes to win contracts in Asia and South America between 1995 and 2003, people involved in the matter say.
Alstom, one of France's biggest companies, sells everything from equipment for power plants to France's signature high-speed trains to New York subway cars. One of its chief competitors, Germany's Siemens AG, is itself being investigated for bribery in Germany and elsewhere in connection with suspicious payments totaling more than €1.3 billion, or about $2 billion.
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