"The legal troubles in Moscow were not disclosed to Bombardier shareholders in the company’s 2017 annual report, which was published in February, 2018."
Bombardier's Moscow office raided in corruption probe
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MARK MACKINNON BERLIN PUBLISHED APRIL 29, 2018 UPDATED 17 MINUTES AGO
Russian police have raided the Moscow offices of a Bombardier Inc. joint venture as part of an investigation into the Montreal-based transportation giant's business relationships in the country, according to documents and video footage reviewed by The Globe and Mail.
The searches were conducted as part of a criminal probe into allegations of "corruption during procurement of railway equipment," according to legal documents. The general-director of the Bombardier-controlled company has received at least five police summons since the probe began in the fall, documents from Russia's Interior Ministry and the office of the Moscow region's Transport Prosecutor show.
The legal troubles in Moscow were not disclosed to Bombardier shareholders in the company's 2017 annual report, which was published in February, 2018.
A masked Russian law-enforcement officer is seen in a screen grab of a video taken inside the Moscow office of Bombardier Transportation.
Ludovic Saint-Pol, communications manager for the rail control division of Bombardier Transportation, acknowledged the legal action and said "the visit conducted on our premises involved a unit of the Moscow Region Customs Office." He did not comment further on the matter
The Globe initially approached Bombardier Transportation more than three weeks ago with questions about the police action in Russia. A spokesman said at the time that the company had no comment on the matter.
The Globe contacted Bombardier again on April 24 to give the company another opportunity to reply, in light of the emergence of the videos and legal documentation, which were provided by railway-industry sources in Russia. The company again had no comment.
Read it all https://www.theglobeandmail.com/business/article-bombardiers-moscow-office-raided-in-corruption-probe/