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Colas Rail files complaint in relation to 'suspicious payments'

rail track 2by3

An investigation by Colas Rail in France has found suspicious payments were made to a foreign subsidiary of the firm.

Now Colas Rail has filed an official complaint in France and withdrawn the contract and prohibited payments to the consultants in question.

A statement from the firm said: “An internal audit and an external investigation requested by Colas Rail, a subsidiary of Colas, have revealed that suspicious payments in euros and in local currency were made to local consultants in a foreign subsidiary of Colas Rail. Faced with this unacceptable situation, Colas Rail has filed a complaint in France.

“The contracts of these consultants have been withdrawn and all payments prohibited. In consultation with the client, Colas Rail has initiated discussions with a recognized local company to transfer the construction contract, for which work has already begun. This solution, if successful, should not have significant economic impact on the Colas Group.”

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