By Charles Mafa and Lionel Faull

The World Bank has slapped a hefty $9.5 million fine on the Alstom Corporation; a major French engineering company involved in the South African nuclear industry, and blacklisted two of its subsidiaries, after it admitted to bribing a senior Zambian government official.

The corporation was also fined by Swiss authorities last year after being implicated in bribery scandals in three other countries.

The Zambian fine was imposed after Alstom admitted ...


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