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French shipbuilder's ex-CEO indicted in Malaysian submarine bribery case

( November 1, 2016, 02:52 GMT | Insight) -- The former CEO of French shipbuilder DCN International, Dominique Castellan, has been indicted for alleged bribery related to the sale of Scorpene submarines to the Malaysian government by a joint venture between France's Thales Group and DCNS Group, Malaysiakini and Free Malaysia Today report. The former CEO of French shipbuilder DCN International, Dominique Castellan, has been indicted for alleged bribery related to the sale of Scorpene submarines to the Malaysian government by a joint venture between France's Thales Group and DCNS Group, Malaysiakini and Free Malaysia Today report. Castellan's indictment, notification of which was issued on March 1, is related to a contract between DCNI and Thales International Asia, whose former president, Bernard Baiocco, was indicted in December 2015 in the same case. It was also related to a consultancy contract between Thales International Asia and Terasasi Sdn Bhd, specifically over 30 million euros transferred to the Malaysian firm in 2002. Bribes to Malaysian officials were allegedly funneled through Terasasi. ...

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