Following a 9 week trial, Nicholas Reynolds was found guilty on 19th December 2018 of conspiracy to corrupt at Blackfriars Crown Court. Janet Weeks (together with Martin Evans QC) was instructed for the SFO.
The conviction brings to four the number of total convictions in relation to this SFO prosecution for conspiracy to bribe officials in a Lithuanian power station and senior Lithuanian politicians (both National and local) in order to win lucrative contracts worth €240 million. The Alstom companies concerned paid more than €5 million in bribes to secure the contracts.
The conviction of Nicholas Reynolds, former Global Sales Director for Alstom Power Ltd’s Boiler Retrofits unit followed a guilty plea from former Business Development Manager at Alstom Power Ltd John Venskus on 2 October 2017 and former Regional Sales Director at Alstom Power Sweden AB Göran Wikström on 22 June 2018 on the same charge. Alstom Power Ltd entered a guilty plea to conspiracy to corrupt on 10 May 2016.
Venskus was sentenced to 3 years and 6 months imprisonment on 4 May 2018. Wikström, following extradition from Sweden, was sentenced to 2 years and 7 months imprisonment on 9 July 2018. He was also ordered to pay £40,000 in costs.
Alstom Power Ltd was ordered to pay a total of £18,038,000 which included:
Nicholas Reynolds is due to be sentenced at Blackfriars Crown Court on 21 December 2018.