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US abuses domestic law "long arm" and knocks down French "industrial pearl"

Source: China Daily discipline inspection and supervision of: 2019-06-20 09:04:00 Font size: [Big] [Medium] [Small]

Frédéric Pierucci never thought that as an executive of French high-tech industrial giant Alstom, he would be arrested in the United States for a case as far away as Indonesia 10 years ago and charged with imprisonment.

What is even more shocking is that when Pierucci was in prison, his owner, Alstom, was "dismembered". The business giant, which once spanned the global power energy and rail transportation industries, was not only fined a huge US $ 772 million by the US Department of Justice, but its core business was also “forced” to be acquired by its main rival, General Electric Company of the United States. As a result, the United States gained partial control of most nuclear power plants in France.

"This is an outright blackmail," Pierucci said in his latest book, The American Trap. This incident shows how the United States abuses domestic laws as an economic weapon and launches a "hidden economic war" against other countries.

Long-arm "traps" choose law enforcement

No matter where in the world, at any time, as long as a company has traded in US dollars, signed contracts in U.S. dollars, or just sent and received and stored mail through an US-based email server, the US government considers that this company has jurisdiction jurisdiction. The basis is the United States Anti-corruption Act.

According to the law, which was revised in 1998, the US government "almost arbitrary arrests of any foreign company employee, even put him in jail, and sentenced him to heavy sentences." Pierucci told Xinhua News Agency reporters. In addition, the United States has put pressure on the Organization for Economic Cooperation and Development to require all its members to comply with the Anti-Corruption Law Overseas.

"The 'long-arm jurisdiction' of the United States exists from Asia to Europe. This poses a severe challenge to our sovereignty." French Senator Philippe Bonaccarre said in an exclusive interview with Xinhua News Agency recently that U.S. justice passed "Long-arm jurisdiction" to enforce US unilateral sanctions.

According to the domestic laws of the United States, 29 foreign companies have been fined by the United States for more than 100 million US dollars, of which 15 are well-known European companies and 5 are French.

Extreme pressure "unscrupulous"

"For the United States, unscrupulous means are allowed." French Le Figaro commented.

Prosecuting foreign multinational company executives, sending them to jail, extreme pressure, forcing them to plead guilty, forcing their companies to pay huge fines to the United States ... Pierucci is the victim of a series of typical American operations.

In April 2013, Pierucci was handcuffed when he arrived at JFK Airport in New York. Subsequently, up to 125 years of threats of imprisonment, sky-high lawyer fees, high bail, co-detention with death and heavy prisoners, torture in private prisons ... The media commented that the US judicial department regarded Pierucci as an "economic hostage", By means of various extreme pressures, he was forced to plead guilty to realize the purpose of extortion and ultimately "dismemberment" of Alstom.

The United States "in this way sends a clear signal to Alstom's CEO: if you continue to not cooperate, you will be the next person to go to prison." Pierucci told Xinhua reporters.

It was after Pierruzi's arrest that Alstom began full cooperation with the US Department of Justice. In order to protect himself, the CEO Bo Kelong sold the company's main business to General Electric Company through secret negotiations.

Abduction of justice for profit

In the winter of 2014, the same day that shareholders approved the sale of Alstom's energy business, Alstom's lawyers signed documents acknowledging the US Department of Justice's allegations.

"The U.S. Department of Justice is not independent, but under the control of a powerful U.S. multinational corporation," Pierucci said.

After Alstom pleaded guilty and reached an agreement, the US Department of Justice did not immediately issue a ticket, but dragged it on after the French government and the company passed the GE merger and acquisition procedures. French public opinion speculates that the US Department of Justice considers the amount of the fine as a card. If it is approved to be acquired by GM, it can reduce the amount of fines. If it is not approved, it will issue a high price ticket to obtain profits.

Pieruzzi was also surprised to find that when Alstom negotiated with the US Department of Justice, GE's people actually participated together. During the secret negotiations with GE, the owner of the law firm that provided legal advice to Alstom turned out to be the brother of the GE boss.

More importantly, Alstom is the fifth company to be accused of corruption by the US Department of Justice at the same time it was acquired by General Electric. Siemens, ABB, etc. that fall into the same trap are almost all GE's major international competitors.

Relevant US law is a blackmail weapon. Since 2010, French companies and banks alone have paid about $ 14 billion in fines to the United States. From Alcatel in the telecommunications industry, Total in the oil industry, to Industrial Bank ... French companies punished are all industry giants. "The US trap is an improper means by which the United States uses its laws as a weapon of economic warfare to weaken its competitors." Pierucci said. (Xinhua News Agency special feature)

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