The Corporate World - Written by Jere Beasley on Thursday, August 7, 2008 8:36 - 0 Comments

Cypress Defense Contractor Pleads Guilty To Bribery

A Texas-based defense contractor has entered a guilty plea in federal court for its role in a bribery scheme to influence government contracts in Iraq handled by an Oklahoma military officer. Raman International Inc., which is based in Texas, pleaded guilty in U.S. District Court in Oklahoma City to one count of conspiracy to commit bribery and agreed to pay a $500,000 fine and more than $325,000 in restitution to the Department of Defense. A federal grand jury indictment, handed down in January, accuses Raman’s former Iraq manager, Elie Samir Chidiac, of bribing an Oklahoma military officer who was responsible for awarding and administering government contracts at Camp Victory in Iraq. Some of the contracts were for communications and networking equipment.

Source: Associated Press




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