Report Alleges Koch Unit Bribed For Contracts, Did Business With Iran - Corruption Currents - WSJ


Long a quiet funder of right-wing political causes and a just-as-long bugaboo of the activist left, Koch Industries Inc. is now the focus of media allegations about foreign bribery and doing business with the pariah state of Iran.

A wide-ranging report published Sunday night by Bloomberg Markets magazine details a battery of alleged misconduct by the Wichita, Kan.-based Koch, which is one of the world’s largest privately held companies. The company and its owners are secretive and protective of their image; sources leaked some of the story in pre-buttals before the Bloomberg report was published.

Among the most notable revelations from the Bloomberg story are its claims that a French subsidiary allegedly paid bribes to win contracts in six countries, and that a European unit sold millions of dollars of petro-equipment to Iran, with sales continuing until 2007.