[lbo-talk] Oil scandal

Kevin Robert Dean qualiall at union.org.za
Wed Apr 2 21:00:24 PST 2003


Tax Evasion Is Charged in U.S. Inquiry Into Oil Deals By THE ASSOCIATE PRESS

y The Associated Press

A former senior executive of the Mobil Oil Corporation was charged yesterday with evading taxes on a $2 million kickback as prosecutors broadened accusations of corruption involving American executives and Kazakhstan officials over oil deals.

The indictment of the executive, J. Bryan Williams, came as another businessman, James H. Giffen, was also indicted on conspiracy charges accusing him of making more than $78 million in unlawful payments to two senior Kazakhstan officials to win oil deals.

The indictment of Mr. Williams accuses him of making unlawful payments that defrauded Kazakhstan out of millions of dollars in oil deals.

The indictment, in Federal District Court in Manhattan, also asserts that Mr. Giffen kept some money diverted from oil transactions to buy luxury items, including millions of dollars' worth of jewelry, for a Kazakh official. Full: http://tinyurl.com/8pxo --- Sent from UnionMail Service [http://mail.union.org.za]



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