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David Koch dodges questions over shady deals with Iran

By David Edwards
Friday, October 7, 2011 10:45 EDT
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ABC News caught David Koch leaving his Park Avenue apartment this week, but the tea party billionaire quickly fled to his car, avoiding questions about a scandal involving his company’s trade with Iran.

A recent report in Bloomberg Markets magazine revealed that Koch Industries had been caught paying bribes to win contracts, engaging in possibly-illegal trade with Iran, price fixing, and ignoring environmental regulations.

The magazine also uncovered a Koch Industries document admitting that they had violated federal law.

“It’s a document right there on the record, right out of the lips of Koch Industries,” Bloomberg Markets reporter David Evans told ABC News.

“I think there are enough of these payments that I think any prosecutor would want to look further,” Columbia University Law School professor John Coffee explained.

“The only issue that I think Koch has by way of defense is showing that these payments were never authorized, encouraged or ratified by the parent company, but were only done by the foreign subsidiary.”

Watch this video from ABC’s Good Morning America, broadcast Oct. 7, 2011.

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David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
 
 
 
 
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