United States: Former Coal Vice President Arrested For Bribery

A former Vice President of a Pennsylvania, coal company, Mr Hobson, has been arrested for paying bribes to the Egyptian manufacturing business, Al Nasr Company for Coke and Chemicals. The bribe helped to obtain around $143m in coal contracts and Mr Hobson has been charged with money laundering and conspiracy to commit wire fraud.

Hobson used a sales intermediary to make the payments and also conspired to receive some commission via kickbacks.

Read more on wsj.com

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