US contractor pleads guilty to corruption in Iraq reconstruction
19 minutes ago
WASHINGTON (AFP) - A US contractor pleaded guilty to bribing American officials in charge of Iraq reconstruction to ensure contracts worth 8.6 million dollars were granted to his building companies, US authorities said.
Philip Bloom pleaded guilty to conspiracy, bribery and money laundering in connection with a scheme to defraud the US-led Coalition Provisional Authority (CPA) overseeing the rebuilding of south-central Iraq, the US Department of Justice and the Special Inspector General for Iraq Reconstruction announced in a joint statement.
Snip...
From December 2003 through December 2005, Bloom and the CPA's comptroller and funding officer for southern-central Iraq, Robert Stein, as well as several US army officers, "conspired to rig the bids on federally-funded contracts . . . so that all of the contracts were awarded to Bloom."
Snip...
Bloom faces up to 40 years in prison and a fine of 750,000 dollars. He must also pay 3.6 million dollars in restitution and forfeit 3.6 million dollars in assets to the US government.
more...
http://news.yahoo.com/s/afp/20060418/pl_afp/usiraqprosecute_060418220642