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Swedish Bombardier Executive Charged For Azerbaijan Bribery

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UPDATE 1-Swedish prosecutor charges ex-Bombardier employee over rail deal

UPDATE 1-Swedish prosecutor charges ex-Bombardier employee over rail deal Reuters 1 hr ago (Adds comment from Bombardier, paragraph 6) STOCKHOLM, June 9 (Reuters) - An ex-employee of a unit of Canadian aircraft maker Bombardier, now owned by French firm Alstom, has been charged in Sweden on suspicion of bribing an Azerbaijani official to secure a rail equipment contract worth around $340 million. A Stockholm prosecutor said Bombardier s Swedish railway subsidiary had won the contract in 2013 by steering $100 million of the revenue to an Azeri company run by an official linked to the Azerbaijan railway authority responsible for the tender. The investigation shows that the Azeri company would receive approximately 100 million U.S. dollars for its part of the project and that Bombardier thus received help from the Azeri railway authority to win the procurement, prosecutor Staffan Edlund said in a statement.

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