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by gamblor956
2532 days ago
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FYI, that's what the US does already and big time. They racket companies with the Foreign Corrupt Practices Act, it has always been applied to foreign and strategic companies. The FCPA just bans bribes and other crimes that are also illegal in the US. Most foreign companies do not get hit with FCPA violations. Just the ones that use bribes as a part of doing business. Alstrom's not a great example, since they were also charged by the UK over their corrupt business practices. The FPCA violations weren't levied on Alstrom to push through a US acquisition; the FCPA investigation began years before. And ultimately, GE only acquired a part of Alstrom, after competing bids from EU companies were blocked by the French government. |
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