Former Bechtel Exec Charged In Alleged Kickback Scheme

Law360, Los Angeles (February 10, 2014, 8:14 PM ET) -- A former Bechtel Corp. executive was charged Monday with accepting kickbacks from power companies in return for securing more than $2 billion in contracts, according to the U.S. Department of Justice.

In an eight-count indictment, a Maryland federal grand jury charged former Bechtel Principal Vice President Asem Elgawhary, 72, with money laundering, fraud and violating federal tax law, the DOJ said. 

Bechtel assigned Elgawhary to be the general manager of the company's Cairo, Egypt-based affiliate Power Generation Engineering and Services Co., a joint venture with the...
To view the full article, register now.