{"id":49272,"date":"2022-04-01T06:15:22","date_gmt":"2022-04-01T13:15:22","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=49272"},"modified":"2022-04-01T06:15:22","modified_gmt":"2022-04-01T13:15:22","slug":"former-coal-company-vp-allegedly-bribed-egyptian-officials-to-get-contracts","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=49272","title":{"rendered":"Former Coal Company VP Allegedly Bribed Egyptian Officials to Get Contracts"},"content":{"rendered":"

PENNSYLVANIA<\/strong><\/span><\/p>\n

A former coal company executive of a Western Pennsylvania coal company was charged with alleged kickbacks and bribery of Egyptian officials, according to federal officials.<\/span><\/p>\n

\"\"Charles Hunter Hobson, 46, of Knoxville, allegedly bribed Egyptian officials to get $143 million in coal contracts with a state-own Al Nasr Company for Coke and Chemicals, officials stated.<\/span><\/p>\n

Hobson who worked at Corsa Coal Corporation is accused of\u00a0violating the Foreign Corrupt Practices Act.<\/span><\/p>\n

Hobson is the second former Corsa official to be charged in the scheme.\u00a0<\/span><\/p>\n

Frederick Cushmore of Connecticut, another vice president and head of international sales at Corsa, pleaded guilty in November, according to the Pittsburgh Post-Gazette.\u00a0<\/span><\/p>\n

\n
\n
\n

The seven-count indictment alleges that Hobson engaged in the bribery and money laundering scheme between late 2016 and early 2020. <\/span><\/p>\n

During part of that time, Hobson was the Vice President of Corsa Coal and was responsible for the company\u2019s business relationship with Al Nasr. <\/span><\/p>\n

Hobson and others, including Cushmore, allegedly paid bribes to Al Nasr officials in Egypt to obtain approximately $143 million in coal contracts for Corsa Coal.<\/span><\/p>\n

The indictment alleges that Hobson and others did the following:<\/span><\/p>\n

\u00a0(1) Pay commissions to the sales intermediary, who passed on bribes to Al Nasr officials in exchange for the coal contracts.<\/span><\/p>\n

(2) Transfer the corrupt commission payments from a bank account in the United States to a bank account in the United Arab Emirates. <\/span><\/p>\n

The indictment also alleges that Hobson conspired to secretly receive a portion of the commissions paid to the sales intermediary as kickbacks. \u00a0\u00a0\u00a0<\/span><\/p>\n

Hobson facing a long prison sentence is convicted of the charges.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

PENNSYLVANIA A former coal company executive of a Western Pennsylvania coal company was charged with alleged kickbacks and bribery of Egyptian officials, according to federal officials. 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