Exec Denies Bribes For NJ Port Terminal, Road Contracts

Law360, New York (October 12, 2012, 4:18 PM EDT) -- A New Jersey construction company owner pled not guilty Friday to allegations that he paid $350,000 in bribes and kickbacks to a state Department of Transportation official and an employee with a private port terminal operator for their help with millions of dollars in contracts.

Authorities claim George Chrysanthopoulos, vice president of Morgan, N.J.-based Tarheel Enterprises Inc., struck a deal with the terminal operator employee to pay him $20,000 for every $5 million in contracts that his company earned. Chrysanthopoulos also paid about $48,000 in bribes...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.