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Thread: Koch Brothers Flout Law With Secret Iran Sales

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    Koch Brothers Flout Law With Secret Iran Sales

    Koch Brothers Flout Law With Secret Iran Sales

    In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”
    She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.
    By September of that year, the researchers had found evidence of improper payments to secure contracts in six countries dating back to 2002, authorized by the business director of the company’s Koch-Glitsch affiliate in France.
    “Those activities constitute violations of criminal law,” Koch Industries wrote in a Dec. 8, 2008, letter giving details of its findings. The letter was made public in a civil court ruling in France in September 2010; the document has never before been reported by the media.


    Will Fox cover this story?

    Will the Teabaggers care that their financial benefactors are corrupt bastards do deals with Iran?

    This is the definition of hypocrisy. These turkey's don't like Government regulation, AND they also don't care for a level playing field.

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    Re: Koch Brothers Flout Law With Secret Iran Sales

    No surprise at all.. and of course they will get away with it because of who they are.
    PeteEU

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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Wait, what? A company self regulates and reports illegal activity to the authorities as soon as it finds out and you're being critical? As though somehow a parent company should be instantaneously aware of every thing a subsidiary does? Could you drop the partisanship for the moment to actually view reality.
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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by spud_meister View Post
    Wait, what? A company self regulates and reports illegal activity to the authorities as soon as it finds out and you're being critical? As though somehow a parent company should be instantaneously aware of every thing a subsidiary does? Could you drop the partisanship for the moment to actually view reality.
    What is disturbing is that they basically fired a whistleblower.

    Egorova-Farines wasn’t rewarded for bringing the illicit payments to the company’s attention. Her superiors removed her from the inquiry in August 2008 and fired her in June 2009, calling her incompetent, even after Koch’s investigators substantiated her findings. She sued Koch-Glitsch in France for wrongful termination.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by obvious Child View Post
    What is disturbing is that they basically fired a whistleblower.
    Yes, but that was still the actions of the subsidiary. The subsidiary has acted wrongly, but to try and paint the entire company as guilty in this is ridiculous.
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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by spud_meister View Post
    Yes, but that was still the actions of the subsidiary. The subsidiary has acted wrongly, but to try and paint the entire company as guilty in this is ridiculous.
    If it was an isolated incident.. then sure... but Koch industries and its subsidiaries have been busted time and time again over the decades for illegal activities not to mention being masters at getting government subsidies...

    And the Koch Brothers are know to be very involved in all parts of their empire, so using the excuse it was a subsidiary is a load of ...
    PeteEU

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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by PeteEU View Post
    If it was an isolated incident.. then sure... but Koch industries and its subsidiaries have been busted time and time again over the decades for illegal activities not to mention being masters at getting government subsidies...

    And the Koch Brothers are know to be very involved in all parts of their empire, so using the excuse it was a subsidiary is a load of ...
    You must be pissed off as hell at GM and Solyndra.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by PeteEU View Post
    If it was an isolated incident.. then sure... but Koch industries and its subsidiaries have been busted time and time again over the decades for illegal activities not to mention being masters at getting government subsidies...

    And the Koch Brothers are know to be very involved in all parts of their empire, so using the excuse it was a subsidiary is a load of ...
    So why did they have an investigation if they already knew about it?
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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by obvious Child View Post
    What is disturbing is that they basically fired a whistleblower.
    The quote you offered gave absolutely NO specifics as to why this person was let go. For all you know the investigation that the parent company launched uncovered more serious crimes that this person was covering up...

    What you are attempting here is as dishonest as Hazelnut's original smear in the opening post.

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    Re: Koch Brothers Flout Law With Secret Iran Sales

    Quote Originally Posted by spud_meister View Post
    So why did they have an investigation if they already knew about it?
    I don't alway's if ever agree with you spud, but thank you for being absolutely honest about this thread. I know you despise the Koch Bros. and would love nothing more than to see them doing something that could be legitimately used against them, but to be honest and admit this isn't it, shows an honesty in debate, and you should be commended for it.

    j-mac
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