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The Intersection of Corruption, Competition, and Conflict of Interest: A Slovenian Encounter between Alstom and Siemens

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In 2007, the French engineering giant Alstom, and the German industrial giant Siemens, bid on a large contract to develop a new block at the coal-powered  electrical plant in Šoštanj, Slovenia, for the Slovenian public utility company,  Termoelektrarna Šoštanj d.o.o (“TEŠ”).  Back then, Siemens had not yet paid millions of dollars in settlement of corruption charges in multiple countries, and Alstom’s subsidiaries had not yet been debarred by major development banks. Alstom had good connections in Slovenia – perhaps too good – and won the contract, submitting a bid that was nearly EUR 100 million More…

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