Uncle Sam's long arms
2005-10-10
Jimmy Carter once said that the thing he was most proud of as
president was the Foreign Corrupt Practices Act. It bans corrupt
behavior overseas by U.S. citizens, U.S. residents and officers of
U.S. companies. Viktor Kožený is sitting in a jail in the Bahamas
awaiting extradition to the U.S. for conspiring to violate the act
in Azerbaijan. He has essentially admitted to bribing the
Azerbaijani government but claims he's not subject to the U.S.
law, because he's not an American citizen. But Kožený was a
resident of Aspen when he spun his Azerbaijani web and caught
several influential American investors in it. It's ironic that he's
being caught up on a technicality. He profited so handsomely
from coupon privatization in the CR because he knew the laws
inside and out and had political cover. When he moved to the
U.S., though, he turned soft and forgot to read up on Jimmy
Carter.
[Czech Republic AIG Colorado Oily Rock Minaret corruption]
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