The artificial intelligence boom is giving some of Europe’s biggest industrial companies a welcome lift.
Browsing: ABB
A scheme by employees at ABB to pay bribes for contracts at Eskom nearly fell apart in a dispute over who would share in the spoils, US court filings show.
The NPA’s settlement with ABB over corrupt dealings at Eskom is a huge development in the effort to stamp out state capture.
The Swiss engineering firm will pay reparations for its involvement in government corruption, the NPA said on Thursday.
A former CEO of Eskom appeared in court on charges related to more than R2-billion of irregular contracts to build a coal-fired plant.
Companies across various industries see the semiconductor chip shortage easing in a boost for manufacturers after a long struggle for components.
Two former employees of ABB Group, and their spouses, have been arrested for alleged corruption linked to Eskom contracts involving R2.2-billion.
ABB has launched the world’s fastest electric car charger, the Swiss engineering company said on Thursday.
ABB will repay R1.56-billion to Eskom, the latest international company to return money after being ensnared in corruption probes in the country.
Eskom contracts with five international companies will be scrutinised by South African state investigators as part of a widening probe into corruption at the debt-laden state-owned utility.