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NewsMine cabal-elite corporate oil consolidation Viewing Item | Mobil subject bribery investigation Original Source Link: (May no longer be active) http://www.usatoday.com/money/industries/energy/2003-04-04-mobil_x.htmhttp://www.usatoday.com/money/industries/energy/2003-04-04-mobil_x.htm
Prosecutor: Mobil the subject of investigators in bribery case NEW YORK (AP) — Federal prosecutors said Friday they are looking at Mobil Oil as part of the investigation into bribes paid by Americans to secure lucrative oil contracts in Kazakhstan.
Assistant U.S. Attorney Peter Neiman made the disclosure as New York businessman James Giffen pleaded innocent to conspiracy, money laundering and tax charges. He is accused of extending more than $78 million in bribes in the 1990s to two senior Kazakh officials.
"Mobil Oil is the subject of the government's ongoing investigation in this case," Neiman told Judge William Pauley after the judge disclosed that he and his wife owned shares in ExxonMobil.
Mobil Oil and Exxon merged in 1999.Outside court, the prosecutor declined to elaborate.
Tom Cirigliano, a spokesman for ExxonMobil, said the company has no knowledge of any illegal payments made to Kazakh officials by any current or former Mobil employees. He said the company had cooperated fully with the government probe.
On Wednesday, retired Mobil executive J. Bryan Williams was indicted on charges that he evaded taxes on a $2 million kickback he allegedly received for finalizing a 1996 deal between Mobil and Kazakhstan.
Williams' lawyer, David Schertler, has said Williams acted properly in his work.
Copyright 2003 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Find this article at: http://www.usatoday.com/money/industries/energy/2003-04-04-mobil_x.htm
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