Former Alstom Power global sales director sentenced to 4.5 years in prison for corruption

Nicholas Reynolds has received a sentence of four years and six months in prison for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai Power Station and senior Lithuanian politicians in order to win two contracts worth €240 million. Reynolds was also ordered to pay costs of £50,000.

In sentencing the former global sales director for Alstom Power Ltd’s Boiler Retrofits Unit, His Honour Justice Beddoe said: “This was sophisticated corruption, planned and executed under your direction over many years. This was a very serious example of the bribery and corruption that beleaguers the civilised commercial world and is a cancer upon it. Even if you do not create the disease, but help it to spread, you bear a very heavy responsibility. The more senior your position, the more serious it obviously is.”

Lisa Osofsky, director of the Serious Fraud Office, said: “The substantial prison sentences imposed in this case reflect the seriousness of the bribery and corruption. We can only hope that this may deter others tempted to resort to illicit means to win contracts. We are grateful for the assistance provided by our international partners across more than 30 countries for helping us deliver these results.”

Reynolds’ sentencing follows the conviction and sentencing of Alstom Power Ltd, its former business development manager John Venskus and Göran Wikström (former regional sales director at Alstom Power Sweden AB) for their part in the conspiracy.

On 4 May last year, John Venskus was sentenced to three years and six months in jail. Göran Wikström was sentenced to two years and seven months imprisonment last July and was also ordered to pay £40,000 in costs.

Alstom Power Ltd was ordered to pay a total of £18,038,000 which included a fine of £6,375,000, compensation to the Lithuanian Government of £10,963,000 and prosecution costs of £700,000.

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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