|10-14-2011, 05:27 PM||#1|
Lost In Space
Join Date: Apr 2004
Koch industries sell items to Iran
Nice all Americans boy here, huh? Include selling through dummy companies to Iran, forgetting that illegal for American companies:
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”
She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.
By September of that year, the researchers had found evidence of improper payments to secure contracts in six countries dating back to 2002, authorized by the business director of the company’s Koch-Glitsch affiliate in France.
“Those activities constitute violations of criminal law,” Koch Industries wrote in a Dec. 8, 2008, letter giving details of its findings. The letter was made public in a civil court ruling in France in September 2010; the document has never before been reported by the media.
Egorova-Farines wasn’t rewarded for bringing the illicit payments to the company’s attention. Her superiors removed her from the inquiry in August 2008 and fired her in June 2009, calling her incompetent, even after Koch’s investigators substantiated her findings. She sued Koch-Glitsch in France for wrongful termination
A Bloomberg Markets investigation has found that Koch Industries -- in addition to being involved in improper payments to win business in Africa, India and the Middle East -- has sold millions of dollars of petrochemical equipment to Iran, a country the U.S. identifies as a sponsor of global terrorism.
|10-14-2011, 10:04 PM||#2|
Tebowing the long haul
Join Date: Apr 2004
Location: TX, USA
aOaOOOOOhhHHHHHHHHH NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOESSSSSSSS!!!!!!!!!!1 11!!
|10-15-2011, 07:10 AM||#3|
Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Figured if anyone was going to come to the Koch Brothers' defense it would be you.
|10-15-2011, 11:55 AM||#5|
Ring of Famer
Join Date: Apr 2006
Hey it's only bidniss...
heck -- Cheney's Halliburton was doing a whale of bidniss with IRAN -- BEFORE Cheney became part of the Bush team.
In those days Cheney scoffed at US policy.
Back when -- Prescott Bush was trading with Hitler. So was Rockefeller.
What's the big deal?
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