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Arms Industry Execs Indicted in Bribery Case

HeadlineJan 21, 2010

Twenty-two executives and employees working in the private military industry have been arrested in a sting operation accusing them of trying to pay bribes to win lucrative foreign contracts. The FBI says the accused agreed to pay a “commission” to an FBI agent posing as a representative of an African defense minister tendering a $15 million deal. The Justice Department says the case is the largest ever under the Foreign Corrupt Practices Act, which bars the bribery of foreign governments to obtain contracts.

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